FINTRAC Terrorist Property Lists Unavailable
FINTRAC Terrorist Property Lists Unavailable As per the Gov. Rel. News , 26 February 2020 The Office of the Superintendent of Financial Institutions (OSFI) has ceased publication of two lists that are used by REALTORS ® to determine whether their clients are terrorists or terrorist groups for the purposes of satisfying their FINTRAC Regime obligations. OSFI’s website indicates that the information contained in these lists are available elsewhere. However, FINTRAC’s Guideline 5: Submitting Terrorist Property Reports to FINTRAC continues to refer to the old lists. Given the potential for confusion, CREA has reached out to FINTRAC for clarification and obtained the following policy interpretation: “In the absence of OSFI’s consolidated lists, a reporting entity must have an alternate means to refer to the prescribed lists, pursuant to the applicable subsections of the Criminal Code and the RIUNRST [Regulations Impleme...