Canada Makes Progress in Combating Money Laundering and Terrorist Financing - The full report on Financatil Action Task Forces (FATF's) evaluation of Canada's anti-money laundering regime was released the end of March 2008.  The white-label ATM industry and Interac Association are mentioned in several places.  The most notable are items numbered 98, 731, 732, 1357-1364, and 4.4.2 Recommendations and Comments (page 247).

The ATMIA Canada Board continues to have face-to-face meetings and conference calls with the Canadian Government and Law Enforcement to neutralize the Department of Finance’s proposed requirements for white-lable ABMs, which include:

CDD responsibility
Person or entity to be identified
Identity verification
Information and Records to be kept on persons
Information and Records to be kept on entities
Criminal Record Checks
Source of Funds Declarations Responsibility
Information to be collected in declaration on each ABM 
Information to be collected on the source of funds 
Timing of declarations
Audit and Security Unit

The next face-to-face meeting will be in June 26th.   There will also be a session provided by the RCMP at our upcoming Fall Security Conference on Money Laundering that you won’t want to miss.

If you are interested in learning more about this initiative, please contact Lana Harmelink, International Director of Operations.

Canadian Standards Association (CSA) and Standard for ATMs – ATMIA has been added to Canadian Standards Association’s (CSA) Membership Database and on the CSA committee on accessible ATMs.  ATMIA has drafted a sreponse to the public review draft B651.1.  It is in its final stages of being approved.  If you would like to know more contact Lana Harmelink.

Partial Dispense - stay tuned for more information coming shortly.

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