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Immediate ReleaseMarch 21, 2025WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the…

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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