AML Compliance is your responsibility
The CJA is dedicated to ensuring that members are Anti-Money Laundering (AML) compliant by providing up to date information and compliance resources.
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
FINTRAC, a Canadian government regulatory agency, gathers information to assist with the detection, prevention, and deterrence of money laundering and the financing of terrorist activities.
FINTRAC is actively evaluating jewellers, known as Dealers in Precious Metals and Stones (DPMS), on their AML Compliance program. Penalties, including significant monetary penalties, for non-compliance are on the rise.
Are you a DPMS?
If you are a person or entity that, in the course of your business activities, buys or sells precious metals, precious stones or jewellery, you are considered a Dealers in Precious Metals and Stones (DPMS) and therefore have AML Compliance obligations.
How to Be AML Compliant
There are five elements of an AML Compliance program that must be documented.
- Appoint a Compliance Officer
- Policies and Procedures
- Risk Assessment & Risk Mitigation
- Ongoing annual employee training
- Effectiveness Review
Are there Penalties for Non-compliance?
FINTRAC has the legislative authority to issue administrative monetary penalties (AMPs) to jewellers who do not fulfill their AML Compliance obligations.
AML Compliance Tools
CJA members receive FREE access to online on-demand compliance tools. Valued at $2000, this member benefit is a MUST for jewellers.
FAQs
Questions to your most frequently asked AML Compliance questions and associated resources.
FINTRAC UPDATES
Stay up to date with important notices from FINTRAC.
RESOURCES
Additional resources available including short videos, webinars and MORE!
Updates & Notices
FINTRAC publishes important updates to its guidance related to the Ministerial Directive on the Islamic Republic of Iran
Canada’s Minister of Finance updated the Ministerial Directive on the Islamic Republic of Iran, which took effect on November 15, 2025. Guidance related to this Ministerial
FINTRAC publishes guidance on private-to-private information sharing
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published new guidance for businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing
FINTRAC publishes its 2024–25 Annual Report
FINTRAC today published its 2024–25 Annual Report, Safe Canadians, Secure Economy, which describes the critical impact the Centre is having in helping to protect the
