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That time of the month again – in Canada

When firms seize assets that run afoul of sanctions restrictions, they have to keep track of those assets. In the US, seized assets have to be placed in an account that earns market interest, and the updated amount of each seized item is reported twice a year (last I looked).

In Canada, OSFI wants that reporting (it’s referred to as 525 reporting) monthly. Luckily, they publish reminders….like they did today.


OSFI press release
OSFI Terrorism Financing page (includes lists of names, associated regulations & reporting forms)

Categories: OSFI Updates Regulatory Reporting


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