Compliance Assessment

FINTRAC has notified JVC that they will be conducting a compliance assessment report on the "Dealers in Precious Metals and Stones" (DPMS) sector during this year.

The objective of the compliance assessment report is to assess the extent to which the selected DPMS sector companies' compliance regime, reporting, maintenance of client records and client identification polices and procedures meet the legislative requirements under the Proceeds of Crime (Money-Laundering) and Terrorist Financing Act (PCMLTFA).

Pursuant to Section 63.1 of the PCMLTFA, the selected companies are required to provide FINTRAC with the completed compliance assessment report within 30 days.

Please note that, failure to respond to the compliance assessment report request by the prescribed date and form could result in penalties under the PCMLTFA.

For further information about compliance regime requirements, see Guideline 4: Implementation of a Compliance Regime available in the Guidelines section of FINTRAC's main web site www.fintrac.gc.ca.

If you are a JVC Contributor you may have access to a AML Compliance Regime Kit which is available on this web site. Please contact Carla Adams at 416-368-4840 or 1-800-636-9536 for your user ID and password to access this Kit.

If you already have the user ID and password please enter it here to access the Kit

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