by AdrianaAMLP | Jul 15, 2025
It emphasises a risk-based, proportionate approach to enhanced due diligence, requiring senior management approval but allowing flexibility in signatories. Firms must promptly update PEP status and ensure clear documentation, training, and compliance oversight,...
by AdrianaAMLP | Jul 10, 2025
FINTRAC’s July 10, 2025 updates to its guidance and directives introduce key changes affecting various sectors under Canada’s anti-money laundering and anti-terrorist financing regime. These updates aim to enhance compliance and reporting standards across...
by AdrianaAMLP | Jun 9, 2025
Notable updates include a U-turn on publicity policy, dropping plans to name firms under investigation unless in exceptional or specified cases (e.g., unauthorised activity). It clarifies when lawyers may attend compelled interviews, limiting joint representation to...
by Jyotsna Bucktowar | May 25, 2025
The Guide introduces a comprehensive strategic framework aimed at equipping policy makers with practical tools to prevent and mitigate financial crime risks from the outset. By embedding fraud and corruption controls throughout the policy development lifecycle, the...
by Jyotsna Bucktowar | May 2, 2025
This move follows the formal recognition of CASPs as “financial institutions” under the Wwft, effective from February 4, 2025. The annex outlines targeted compliance expectations and practical guidance for CASPs, including obligations related to customer due...
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