A snapshot of regulatory interventions in the banking space from around the world. 1. CANADA: Financial Transactions and Reports Analysis Centre of Canada: FAQs on Politically Exposed Persons
Introduction On August 11, 2017, the Office of the Superintendent of Financial Institutions (OSFI) announced it was suspending compliance expectations set out in its June 30, 2017 cover note to Advisory 2017-01 (Advisory). According to the federal regulator, the suspension was necessitated by the second consultation paper theOther