FINTRAC

Recent reports from Canada’s financial intelligence agency highlight a serious and evolving threat. In April 2026, FINTRAC issued a Special Bulletin detailing money laundering activities linked to extortion and targeted violence against Canada’s South Asian diaspora, with significant activity in British Columbia, Alberta, Manitoba, and Ontario.At Jamie Taleb Notary Public in North Vancouver…

On March 26, 2026, new legislative amendments received Royal Assent that expand and modernize parts of Canada’s anti-money laundering and anti-terrorist financing framework. FINTRAC has since published implementation information to help reporting entities understand what is changing and when those changes will take effect.These updates matter for a wide range of businesses subject to the Proc…

If you’re a business in Canada that deals with financial transactions, whether you’re a bank, credit union, real estate broker, casino, money services business (MSB), or any other reporting entity, staying compliant with Canada’s anti-money laundering and anti-terrorist financing (AML/ATF) regime is non-negotiable.The good news? FINTRAC just made it a lot easier to get up to speed.The Fin…

Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) has updated its guidance on politically exposed persons (PEPs) and heads of international organizations (HIOs), with a sharper focus on bribery and corruption risks. Alongside this, FINTRAC released new money laundering indicators to help businesses spot and report suspicious transactions.These updates are vital for entitie…

Starting October 1, 2025, title insurers must comply with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), as outlined by FINTRAC. These rules target anti-money laundering (AML) and anti-terrorist financing (ATF) efforts. Here’s what you need to know:Who’s Affected?Title insurers providing policies for real property purchasers, as defined by the Insurance C…

On July 9, 2025, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) issued an advisory based on the Financial Action Task Force (FATF) statements from June 13, 2025. This advisory guides reporting entities on managing risks tied to countries with weak anti-money laundering (AML) and counter-terrorist financing (CTF) systems.High-Risk JurisdictionsThe FATF identifies th…

As a trusted notary public in North Vancouver, BC, serving both North and West Vancouver, Jamie Taleb Notary is committed to providing professional, compliant, and client-focused services. Part of our responsibility involves adhering to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its associated regulations, which outline when and how British Columbia notarie…

As trusted professionals involved in legal real estate transactions and property transfers, notaries public have a responsibility that extends beyond paperwork. The fight against money laundering, sanctions evasion, and illegal fentanyl financing is increasingly relying on professionals like us to stay informed and report suspicious activity. In March 2025, the Financial Transactions and Reports…

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a Ministerial Directive, effective February 24, 2024, addressing financial transactions associated with Russia. This measure aims to protect Canada’s financial system from potential risks related to money laundering, terrorist financing, and sanctions evasion.​Key Obligations for NotariesHigh-Risk Class…