Financial Transactions and Reports Analysis Centre of Canada

Implementation of Budget 2024 amendments on private-to-private information sharing and beneficial ownership discrepancy reporting

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Modernization and upcoming changes impacting reporting entitiesFrom: Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)New initiatives that FINTRAC is implementing, which impact reporting entities (businesses and individuals).On this pageBudget…

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FINTRAC publishes updates to its guidance related to Ministerial directives: Democratic People’s Republic of Korea and Russia

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Ministerial directives and transaction restrictionsUnder Part 1.1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), which came into force on June 19, 2014, the Minister of…

Continue ReadingFINTRAC publishes updates to its guidance related to Ministerial directives: Democratic People’s Republic of Korea and Russia