Anti-Money Laundering Resources

CPA Canada and CPA provincial and territorial bodies are collaborating in the fight against money  laundering. We have resources on what CPAs need to know to comply and protect themselves, their clients and their organizations.

Click here to visit CPA Canada's AML Resource Page.

 

“KNOW YOUR CLIENT” AML ARTICLE 

AML legislation is continuously evolving. Are you ahead of the curve? Our articles identify some of the important requirements that came into force on June 1, 2021. This first article provides an overview of the changes to the “know your client” rules for accountants and accounting firms engaged in activities covered by the AML/ATF legislation. Learn about what’s new, your obligations and how to ensure full compliance.

AML/ATF WEBINAR

Help CPAs navigate the latest changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and Regulations, with this free webinar. As AML legislation continuously evolves, stay ahead of the curve with a digestible breakdown of the regime’s background and context, key activity and developments since 2016, as well as overviews of “know your client” rules and beneficial ownership. The webinar also covers the specific amendments, FINTRAC legislation and money laundering risks associated with COVID-19. Click here to get updated in just 25 minutes.

AML GUIDE 

The Guide to Comply with Canada’s Anti-Money Laundering and Anti-Terrorist Financing  (AML/ATF) Legislation has been released, to help CPAs and accounting firms mitigate any risk in related activities. 
This comprehensive guide will give users a general understanding of the international and domestic landscape for AML/ATF, help them determine if AML/ATF obligations apply to their activities, offer guidance on compliance to relevant obligations and clarity on enforcement and risks of non-compliance. Also learn about triggering  activities, implementing a compliance program, privacy obligations, reporting suspicious  transactions and terrorist activities, and much more. Download the guide now.

 

 

Latest News

  

Notice - Annual General Meeting 2023

Posted on 9/7/2023
Virtual Meeting 12:00 PM NDT, September 21st, 2023
  

October Family Fun Day!

Posted on 8/28/2023
Come enjoy wagon rides, the barrel train, corn maze, and games!
  

Congratulations to our Successful 2023 May CFE Writers!

Posted on 8/18/2023
CPA Newfoundland and Labrador is pleased to congratulate the 16 CPA candidates in this province who have successfully completed the May 2023 Common Final Examination (CFE).
  

CPAEFNL Inc. Cornhole Tournament 2023

Posted on 7/18/2023
You're invited to attend the first CPAEFNL Inc. Cornhole Tournament to take place on September 29, 2023.
  

Call for Board Nominations 2023-24

Posted on 6/20/2023
CPA Newfoundland & Labrador is now accepting nominations for four Board positions. Deadline for nominations is August 29, 2022.
  

The Next Generation of CPAs is ready to Make a Difference

Posted on 6/9/2023
CPA Newfoundland and Labrador would like to congratulate our newest graduates on the successful completion of the CPA Common Final Exam.
  

Budget Release 2023

Posted on 3/24/2023
The Newfoundland and Labrador Government released its latest budget for the upcoming year, please click here for the CPA Newfoundland and Labrador commentary.
  

Preparing your Practice for an Emergency

Posted on 3/21/2023
We know some practitioners believe they are too busy to plan for medical or other emergencies, but it’s because you have a busy practice that you need to make a plan.
  

What to Expect from Predecessor and Successor Accountants

Posted on 3/21/2023
CPA Newfoundland & Labrador receives many questions regarding what information to share with the successor accountant and what can be asked for from the predecessor accountant.
  

Public Accounting in Newfoundland & Labrador

Posted on 2/20/2023
  

CPD & Renewal Deadlines

Posted on 1/13/2023
To better align member processes under the new member portal, a change was made to By-law 314(1) to extend the CPD reporting deadline to April 30 each year.
  

Congratulations to our newest FCPAs and ELA recipient!

Posted on 11/25/2022
Congratulations to Fred Earle, Greg London, and Stephen Power on receiving their FCPAs and to Ryan Stack for receiving the ELA!
  

Congratulations to our Successful 2022 September CFE Writers!

Posted on 11/25/2022
CPA Newfoundland and Labrador is pleased to congratulate the 32 CPA candidates in this province who have successfully completed the September 2022 Common Final Examination (CFE).
  

Pre-Budget Submission for Budget 2023 | CPA Canada

Posted on 10/20/2022
Pre-budget Submission in Advance of the 2023 Federal Budget by Chartered Professional Accountants of Canada.
  

Mastering and Shaping a Data-Driven Economy

Posted on 10/18/2022
Data is integral to business progress, however, there is a void. Learn how our data governance work is addressing the need for standards and frameworks to govern the integrity and security of data.
  

Notice - Annual General Meeting 2022

Posted on 9/8/2022
Virtual Meeting 12:00 PM NDT, September 21st, 2022
  

Call for Nominations - FCPA & ELA 2022

Posted on 9/7/2022
CPA Newfoundland & Labrador’s Member Recognition Committee is pleased to announce the call for nominations for both the Fellowship (FCPA) award as well as the Emerging Leader Award (ELA). Deadline for nominations is September 16, 2022.
  

Congratulations to our Successful 2022 May CFE Writers!

Posted on 8/12/2022
CPA Newfoundland and Labrador is pleased to congratulate the 11 CPA candidates in this province who have successfully completed the May 2022 Common Final Examination (CFE).
  

Team Up with the Arts

Posted on 8/1/2022
Business and Arts NL's newest program, Team Up With the Arts, offers a chance to participate in governance training at the Gardiner Centre. Help build our province's arts and culture sector, one board member at a time!
  

Providing Additional Auditor Reporting for Clients

Posted on 7/6/2022
CPAs are regularly being asked to provide additional reporting to clients and third parties. This article highlights matters for consideration and provides links to resources that will assist you should you be requested to provide such services.
  

Tax Blog

Posted on 6/30/2022
CPA Canada tax updates help you stay on top of the changing tax environment. Subscribe to the Tax Blog email – make sure to check off Tax Blog in the member preference center to join our growing tax audience today.
  

Fraud in an Audit of Financial Statements: What's your Role?

Posted on 6/30/2022
Discover revisions being considered to the auditor’s responsibilities relating to fraud and what resources are available.
  

Practitioner's Portal

Posted on 6/29/2022
Find resources to advance your career, learn the latest technical changes and enhance your skillset.
  

CPA Canada's Financial Literacy Program

Posted on 6/29/2022
CPA Canada's Financial Literacy program provides unbiased, functional and clear financial literacy information to the general public. Find out what's new!
  

CSQM Standard Reminder

Posted on 6/28/2022
New and revised quality management standards are coming into effect soon. Are you ready?
  

Technology's Impact on the Audit

Posted on 6/28/2022
Continuous technological developments are creating risks and opportunities for the audit profession today and into the future. Read this blog for updates on recent activities and to access our suite of helpful resources.
  

Revised CAS 315 Resources

Posted on 6/28/2022
CAS 315 has been significantly revised to promote a more effective risk identification and assessment. Learn about the changes to the standard and understand how these will impact your audit engagements.
  

You Can’t Touch This: The Intangible Assets Debate

Posted on 6/17/2022
This paper published by CPA Ontario introduces the intangibles conversation and asks CPAs to consider what role the profession is meant to play in this exciting—and controversial—space.
  

CPA Competency Map 2.0

Posted on 6/17/2022
The Canadian Chartered Professional Accountants (CPA) Competency Map (CM2.0) is a visionary map for the Canadian CPA profession. It sets out the skills and competencies required at the point of obtaining the CPA designation.
  

PSAB Roundtables on Natural Resources Consultation Paper

Posted on 6/14/2022
The International Public Sector Accounting Standards Board (IPSASB) recently issued its Natural Resources Consultation Paper. The Public Sector Accounting Board (PSAB) is hosting roundtable discussions to hear directly from you.