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OK, it looks like, based on my calculation for 2007, I need to have an AML program. How long must it continue?

April 26, 2017AML based calculation Continue looks Ok program

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OK, it looks like, based on my calculation for 2007, I need to have an AML program. How long must it continue?

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A. If, based on your activities in 2007, you need to implement an AML program, you must maintain it as long as you continue to fit under the definition of “dealer” set out in the rules. If your business activity changes in the future, and you no longer satisfy the criteria for being a dealer, you do not need to continue your AML program in the following year. But you need to continue to reassess to see if you once again fit the definition of a dealer.