FINTRAC Compliance

Our firm is uniquely positioned to advise and assist businesses throughout Ontario with respect to their obligations under FINTRAC and PCMLTAF. FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada, was created under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). That legislation requires certain businesses to identify, report and respond to certain types of financial transactions. Failure to do so may involve substantial penalties. A formal policy and record keeping regime is mandated.

Anti-Money Laundering and Anti-Terrorism Financing Assistance

Your business may be required to develop and implement written Anti-Money Laundering (AML) and Anti-Terrorism Financing (ATF) policies and procedures, and train staff. Damien R. Frost has represented both the Federal and Provincial Crown and has ongoing relations with the RCMP unit responsible for enforcing this legislation. We know what the regulators expect by way of compliance.

Under this legislation, onerous compliance and reporting obligations are imposed on a wide range of businesses, especially those involved in international trade or finance, including:

  • financial entities such as banks, credit unions, and trust companies;
  • life insurance companies, brokers and agents;
  • financial services
  • securities dealers;
  • forex;
  • accountants and accounting firms;
  • real estate brokers, sales representatives and developers;
  • casinos;
  • dealers in precious metals and stones;

FINTRAC Due Diligence

Our firm can provide a compliance package including designated and specific employee training and the forms required for reporting. More importantly we provide 24/7 advice when faced with a compliance or reporting issue. Your due diligence obligations can be met and exceeded without creating a compliance division or a compliance officer. You can rest assured that compliance with FINTRAC and PCMLTAF does not require unexpected, excessive and open-ended legal expenses. We ensure no-worry advice and assistance for a fixed startup cost - dependent upon the nature and size of your business, and an affordable fixed monthly cost thereafter.

Protect Your Business Against Substantial Penalties

Contact Damien R. Frost & Associates at 1-888-853-6010 to schedule a free consultation regarding our FINTRAC and PCMLTAF compliance packages.

I hired Ms Rebecca Young regarding a legal matter in October 2015. I found her and the firm to be very professional and helpful. The whole process took about one year to resolve. I followed her advice and the outcome was in my favour. I would recommend her for her professionalism, knowledge and pleasant attitude.

I.S.

Daniel, thank you for your excellent work. I am pleased with the outcome. I didn't feel 'prosecuted' and I believe that is due to your excellent advocacy skills and rapport with the Court.

A.F.

I was accused by my former employer of interfering and damaging their computer systems. I was charged under the Criminal Code for mischief, unauthorized access and destruction of data, which was a very scary, stressful, and upsetting experience. I thought that my world was over and all the hard work I had done in my life was coming to an end. Mr. Frost's initial consultation (which was no obligation and free of charge) helped a lot to calm my nerves and comfort me and my family in trying times. His team was very understanding, sympathetic, concerned and supporting, she always took my frantic phone calls with calmness and assurance and helped me understand the progress of my case clearly. At every step, I received sound professional advice. At the end of the case, the charges were dropped. As a result, I do not have a criminal record, my reputation is intact, and my current job is still secure. Words cannot truly express my gratitude for having such amazing lawyers. From explaining the terminology used in court, to sitting with me outside the court room when I couldn't hold back my tears, they stood by my side. Thank you for exceeding my expectations, and then some.

J.S.

We were very pleased with Mr. Frost's representation. He provided us with the best possible legal representation. He was dedicated to obtaining a tremendous resolution in what was complex litigation while being always mindful that we required a cost-effective solution.

B.B.

I was charged along with nine other physicians with fraud against OHIP. I was also the subject of a complaint before the College of Physicians and Surgeons arising from the same allegations. I was assigned counsel by the Canadian Medical Protective Association (CMPA). On the advice of a friend who was a Crown Counsel I insisted that I be allowed to retain Mr. Frost. I am very pleased that I was allowed to do so. Mr. Frost (together with Ms. Samantha Peeris) provided me with first class representation. He convinced the Crown to drop the charges against me. His office always kept me informed in a timely fashion of any developments. He clearly understood the impact of these allegations on my professional reputation. Mr. Frost always maintained a very low profile. Mr. Frost went on to represent me before the College of Physicians and Surgeons ensuring that no disciplinary was taken. I continue to practice medicine in my area of expertise.

Dr. C.

I am a healthcare provider with a practice in the Greater Toronto Area, Ontario. I was represented by Mr. Frost before my professional licensing College with respect to a complaint by an insurance company. I was quite concerned that the complaint could affect my professional standing and reputation. Mr. Frost understood what needed to be done. He also understood the impact the complaint was having on me personally. He acted quickly. He was able to convince the College to take no further action. I was relieved that his representation was very low profile and my professional reputation was not undermined with the public or the College. As a result of his representation my status with that particular insurer was regularized.

C.C.