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FINTRAC publishes a Special Bulletin on ML indicators to help businesses detect and report ML linked to extortion schemes targeting South Asian diaspora communities in Canada

by AdrianaAMLP | Apr 23, 2026

The bulletin responds to a marked increase in extortion-related activity, with financial intelligence disclosures identifying hundreds of subjects and tens of thousands of transactions linked to organised crime networks. Guidance supports reporting entities in...

FINTRAC imposes an administrative monetary penalty of approx. C$91,000 on the Northern Isga Foundation after a compliance review identified multiple AML/ATF programme deficiencies

by Jyotsna Bucktowar | Apr 8, 2026

These included failures to develop and maintain an adequate risk assessment, implement effective written compliance policies and procedures, provide ongoing staff training, and conduct the required effectiveness review of its compliance framework. The case highlights...

FINTRAC revokes 23 crypto MSBs registrations in a major crackdown on non-compliant exchanges, ATMs, and foreign operators to tighten anti-money-laundering and counter-terrorist financing controls

by Jyotsna Bucktowar | Mar 18, 2026

The action targets firms that failed to comply with regulatory obligations, including responding to information requests, maintaining up-to-date records, and meeting registration requirements. The move affects crypto exchanges, ATMs, and foreign operators,...

Canada’s Durham Regional Police reveals that Project Fletcher has resulted in 8 arrests in a $3M payroll‑diversion and money‑laundering fraud scheme, with 5 suspects still at large

by AdrianaAMLP | Mar 5, 2026

Investigators allege a company operations manager orchestrated a scheme lasting more than 15 years that diverted employee wages and submitted fake subcontractor invoices, defrauding a Durham Region business of over CAD $3 million between 2015 and 2021 alone. A...

FINTRAC releases a dedicated video outlining key beneficial ownership requirements to assist reporting entities in complying with Canadian AML regulations

by Jyotsna Bucktowar | Feb 25, 2026

The video outlines the essential obligations for reporting entities to identify and verify the natural persons who ultimately own or control 25% or more of a corporation, trust, or other legal entity. It emphasizes that businesses must not only obtain this...
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