Investigating gaps in Canadian anti-money laundering regulations and practices
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Date
2024-04
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Publisher
University of New Brunswick
Abstract
The thesis examines the relationship between Canada’s anti-money laundering (AML) and ‘know your client’ (KYC) policies and those of other jurisdictions. The hypothesis is that Canada is underperforming and an independent metric could be developed and replicated to determine this. The hypothesis was confirmed with Canada scoring below global averages. Recommendations on how to combat this problem and the consequences for failure on this are outlined.