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MEMBER NOTICE

New requirements for those conducting deposits on your behalf.

 

What we're doing to comply with new Anti-Money Laundering regulations


In response to the requirement for all Canadian financial institutions to collect conductor information under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations, First West is updating its policies in accordance with these regulations.

Effective Jan. 24, 2022, non-members making deposits into another member’s account―regardless of amount―will be asked to provide their first, middle (if applicable) and last name along with contact information when they make a deposit.

Contact our Member Advice Centre at 1-888-597-6083 if you have questions specific to your account.