The Royal Canadian Mounted Police have a book too.
Money Laundering - A Preventive Guide
A Preventive Guide for Small Business & Currency Exchanges in Canada
FINTRAC
The Financial Transactions and Reports Analysis Centre of Canada
One of the RCMP's roles within Canada's Initiative to Combat Money Laundering is to inform the public. To most businesses, money laundering is something that happens somewhere else, involving only criminals. The truth is, it can happen anywhere, anytime, and you may not even be aware that you have been involved.
Money laundering is the process whereby criminals conceal illicit funds by converting them into seemingly legitimate income. While the term refers to the monetary proceeds of all criminal activity it is most often associated with the financial activities of drug traffickers who seek to launder large amounts of cash generated from the sale of narcotics.
The RCMP Proceeds of Crime (POC) program's mandate is to identify, assess, restrain and forfeit illicit and/or unreported wealth accumulated through criminal activities. Most of the POC sections work under an integrated model. These Integrated Proceeds of Crime (IPOC) Units bring together the skills, knowledge, and abilities of a diverse group of experts, including RCMP, provincial and municipal police investigators, lawyers from the Department of Justice, forensic accountants, representatives from Canada Revenue Agency, and customs officers from the Canada Border Services Agency (CBSA).
It is important for businesses of every kind to be informed about how they can be used to launder money, and how they can help to make it more difficult for criminals to prosper. We recommend you review this booklet to ensure that you are aware of the problem.
Index
* Foreword
* Why criminals want to "launder" money?
* Money Laundering Methods
* What is "wilful blindness"
* Preventive strategies for small and medium businesses
* Record keeping requirements for small and medium businesses
* Impact of money laundering on society
* If you suspect money laundering
* What we need from you
* Partners in identifying the proceeds of crime
* RCMP Proceeds of Crime Units
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