Anti-Money Laundering in Canada

Study on Canada's Framework of Financial Crime, Risks, Challenges and Regulatory Landscape for Anti-Money Laundering

The fight against financial crimes in Canada has a long legal history, with the Proceeds of Crime and Terrorist Financing Act of the 2000s representing a watershed moment. Canada's dedication to improving AML is demonstrated by the creation of the Canadian Financial Crimes Agency in 2023 and the change in FINTRAC's funding mechanism in 2024. The extensive legislative framework emphasizes cooperation and global conformity while addressing a number of industries. The FATF's assessments highlight successes and weaknesses and call for further development. The AML scene is greatly influenced by FINTRAC, a major entity that works with partners in the federal government. Through real-world examples, the whitepaper shows how the problems are changing.

To access the full report with detailed findings, insights, and recommendations on the Canada's AML/CFT measures, please fill out the form.