October 19, 2009 FINTRAC Advisory

On October 16, 2009, the Financial Action Task Force (FATF) issued a statement on Iran, Uzbekistan, Turkmenistan, Pakistan, and São Tomé and Príncipe. The statement reiterates the FATF's previous concern for the deficiencies in the anti-money laundering and counter terrorist financing regimes in these countries.

Accordingly, the FINTRAC advisory of February 27, 2009, which called for increased vigilance when dealing with entities from Iran, Uzbekistan, Turkmenistan, Pakistan, and São Tomé and Príncipe, remains in effect.

A copy of the February 27, 2009 FINTRAC advisory can be found at
http://www.fintrac-canafe.gc.ca/publications/avs/2009-02-27-eng.asp.

The text of the FATF statement can be found at:
http://www.fatf-gafi.org

Canada is a member of the FATF and strongly supports its efforts to combat money laundering and terrorist financing.

The Office of the Superintendent of Financial Institutions (OSFI) has also issued a Notice to all federally regulated financial institutions. For a copy of the Notice, visit:
http://www.osfi-bsif.gc.ca.