New Anti Money Laundering
Legislation Effective June 23, 2008

 In keeping with new legislated guidelines to help prevent money laundering, all Canadian financial institutions are now required to request additional information at the time of account opening.

The goal is to enhance detection and help deter money laundering and terrorist financing in Canada. These small but important changes will help make unlawful transactions more difficult.

The main impact for existing members will be if you wish to open a new account. We will ask you some questions that will ensure we have met the requirements of the new legislation.

All London Civic employees participate in anti money laundering training each year and are required to complete and pass an online proficiency test.