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Financial transactions related to countries identified by the FATF
Democratic People’s Republic of Korea (DPRK)
Ministerial Directive on the DPRK
Ministerial Directive on Iran
Nicaragua no longer subject to FATF’s increased monitoring process
Pakistan no longer subject to FATF’s incre…
Following last April’s Notice about amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties (PCMLTFAMP) Regulations, we wish to remind reporting entities that crowdfunding platforms and certain payment service providers are cover…
Money services businesses (MSBs) must fulfill specific obligations as required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations, to help combat money laundering and terrorist activity financing in Canada.
There are two types of MSBs that must fulfill obligations under the PCMLTFA: Canadian money services businesses and Foreign …
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.
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All FINTRAC guidanceStrategic in…
FINTRAC guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran issued on July 25, 2020
This guidance is related to the Ministerial Directive (MD) issued by the Minister of Finance that was published in the Canada Gazette and came into force on July 25, 2020.
This guidance will answer the following questions: