Canada tightens rules on 'terrorism' financing

Canada tightens rules on 'terrorism' financing

news.yahoo.com

Ottawa first drafted a law on money laundering and terrorism financing after the September 11, 2001, attacks in the United States.

It has since bolstered the rules to close loopholes and bring the country in line with international standards.

In a statement, the government said real estate developers will be "required to meet client identification, record-keeping and transaction-reporting requirements" and that gambling casinos will have to report any large cash disbursements to Canada's financial intelligence unit and keep records on those transactions.

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Uh-oh...Sounds like the classifications for putting one in the 'terrorist' categories is stepping up to almost being in line with the states now. If you're in the RE developement or Casino fields, get ready to be put on the list!

news.yahoo.com
(visit the link for the full news article)