by AdrianaAMLP | Jun 23, 2026
The guidance, updated on 23 June 2026, explains obligations under Canada’s Ministerial Directive on financial transactions associated with Iran, including sanctions evasion risk assessment, identity verification, customer due diligence, source-of-funds checks,...
by Jyotsna Bucktowar | Jun 18, 2026
The video was published to help mortgage brokers, lenders, and administrators understand their obligations to identify and report suspicious transactions linked to money laundering, terrorist financing, sanctions evasion, and mortgage fraud. Red flags include...
by Jyotsna Bucktowar | May 28, 2026
It explains that large-scale events can create temporary spikes in tourism, hospitality, transport, and entertainment activity, which traffickers may exploit to move victims and generate illicit proceeds. FINTRAC stresses that human trafficking is fundamentally a...
by AdrianaAMLP | May 6, 2026
The case involves violations identified through FINTRAC’s supervisory activities, including failures linked to reporting and compliance control requirements designed to detect and prevent illicit financial activity. Publication of the penalty forms part of FINTRAC’s...
by Jyotsna Bucktowar | May 5, 2026
The regulator identified that the bank had outdated compliance policies and procedures that were not properly maintained or approved, and failed to apply enhanced due diligence and special measures for high-risk clients, both of which are key requirements in a...
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