FINTRAC July 2025 updates enhances AML/ATF compliance with sharper identity verification, updated PEPs rules, and refined business relationship guidance across industries

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 regulated sectors, ensuring alignment with Canada’s anti-money laundering and anti-terrorist financing objectives…