2025 AML Video Series
In recent years, several jewellers faced penalties from FINTRAC, highlighting the critical importance of Anti-Money Laundering (AML) Compliance. This year, the Canadian Jewellers Association (CJA) is stepping up to support its members through a series of educational videos that explain AML compliance and why it matters.
The AML Series was created to strengthen AML compliance in the jewellery industry.
Video #1
In this video you will learn about:
- Money Laundering
- How money laundering works
- Why money laundering is a BIG deal
- Anti-Money laundering
Video #2
In this video you will learn about:
- What is AML compliance
- The risks associated with non-compliance
Video #2
In this video you will learn about:
- Governing Law for Money Laundering in Canada
- Who FINTRAC is
- Jewellers are considered Dealers in Precious Metals and Precious Stones (DPMS)
- FINTRAC guidance
- What happens if you don’t comply with FINTRAC guidance
Video #4
In this video you will learn about:
- FINTRAC guidance for jewellers
- Anti-Money Laundering compliance
- Know Your Client (KYC) and when to verify
- Transaction Reporting
- When to Report
- Record Keeping Requirements
- What records to keep
- What happens if you don’t comply with FINTRAC guidance
Video #5
In this video you will learn about:
- Compliance Officers
- Compliance policies and procedures
- Identifying potential threats with Risk Assessments
- Ongoing training and the need to stay up to date on AML regulations
- 2 year Effectiveness Reviews by an internal or external auditor