Requirements applicable to financing or leasing entities as of April 1, 2025

News Anti-money laundering Guidance

Date: 26th Mar, 2025 Source: Financial Transactions and Reports Analysis Centre of Canada Country: Canada Original Source

Brief

On March 26, 2025, the Financial Transactions and Reports Analysis Centre of Canada issued an update regarding requirements applicable to financing or leasing entities as of April 1, 2025. Financing or leasing entities must fulfill obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations when engaging in the financing or leasing of property for business purposes, passenger vehicles, or property valued at $100,000 or more.

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Financial Transactions and Reports Analysis Centre of Canada

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Requirements applicable to financing or leasing entities as of April 1, 2025

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Requirements applicable to financing or leasing entities as of April 1, 2025

Brief

Financial Transactions and Reports Analysis Centre of Canada

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