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What You Should Know

New Canadian regulatory requirements have been implemented in June 2009 in accordance with the new Anti- Money Laundering regulation. The regulation requires complete and properly formatted by order and beneficiary party information.

Effective Immediately

Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act requires that all SWIFT 103/103+ payments must have complete Ordering Party (SWIFT Field 50) and Beneficiary information (SWIFT Field 59) to be processed successfully.

The Ordering Party and Beneficiary fields must have complete account number, name and address information. JPM Chase initiators should be aware of the need to provide the by order party and beneficiary information in the required format. Please review the examples below:

Ordering Party

Line 1: /Account Number
Line 2: John Smith
Line 3: 123 Any Street
Line 4: Any town, Country


Line 1: /Account Number
Line 2: Jane Smith
Line 3: 123 Any Street
Line 4: Any town, Country

If you have additional questions regarding these regulations contact your client service representative or treasury management officer.

For more information on payment formatting, please visit the section titled "Canada" in J.P. Morgan's Treasury Services' Global Payment Guide 2013-2014.

For more complete information on payment regulations for Canada and frequently asked questions, please go to the website of the Financial Transactions and Reports Analysis Centre of Canada.

Note: If you do not comply with the payment requirements described on the website above, it is possible Canadian banks will delay or reject your payments. It is also possible receiving banks may assess fees related to non-compliance with these new rules.


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