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MONEY LAUNDERING PREVENTION
1. Teznia adheres to the statutory definition
of "money laundering" and distributes hypothetical examples of suspicious transactions to all personnel. If any
suspicious transactions are identified, they will be reported immediately to the Financial Transactions and Reports Analysis
Centre of Canada.
2. The procedure of handling of prescribed and suspicious transactions at Teznia is the same
as defined by FINTRAC Guidelines.
3. Executive VP Operations is responsible for documenting the records which
should be maintained under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations. All management
personnel of Teznia have to be knowledgeable of the Act and Regulations including updates.
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