Reporting on anti-money laundering, anti-terrorist financing and sanctions
The Government of Canada has sanctions against many terrorist or criminal organizations and individuals. Part of these sanctions is tracking activity in the Canadian financial industry that could be related to people and organizations included on lists of designated people.
Find out more about:
OSFI’s role in monitoring compliance with sanctions
Federally regulated financial institutions must report monthly to OSFI anything related to the names listed on these regulations:
- Justice for Victims of Corrupt Foreign Officials Regulations
- Regulations Establishing a List of Entities
To fulfill their legal requirements, federally regulated financial institutions must fill out forms OSFI-525 and OSFI-590 on a monthly basis in the Regulatory Reporting System.
See more information on how to file and submit a return.