FINTRAC releases new guidance and form for reporting terrorist-linked and sanctioned property

The new guidance takes effect on March 2, 2025, for property tied to individuals or entities under the United Nations Act. It extends the existing obligation for property linked to terrorist groups or listed persons under the Criminal Code. From October 1, 2025, it also applies to property connected to entities under the Special Economic Measures Act and the Justice for Victims of Corrupt Foreign Officials Act…