Friday, 28 September 2012
To once again quote Dennis Hopper, “Pop quiz, hotshot” suppose FINTRAC gives you a few days to organize for a compliance audit, “what do you do?” Well, they’re out there ladies and gentlemen. I rendezvoused with a client to drop off an order and he didn’t have time for coffee because he was busy cramming the massive FINTRAC manual in preparation for a five-hour session with the auditor today.
If you don’t know what FINTRAC is, it’s the Canadian government’s effort to monitor larger purchases to guard against money-laundering and other illegal financial slights-of-hand. If you know what it is, but have never given it much thought, time to browse through the requirements by clicking HERE.