ARTICLE · 13 JULY 2015

Anti-Money Laundering: Long-Awaited Regulatory Amendments

Norton Rose Fulbright Canada LLP

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On July 4, 2015, proposed amendments to various regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PC Act) were published in the Canada Gazette.

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Proposed Regulations: Regulations Amending Certain Regulations Made under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2015 (Proposed Regulations)

Publication Date: July 4, 2015

Consultation: Representations may be made to the Department of Finance within 60 days of the publication date.

In force: Certain provisions are in force upon registration and remaining provisions are in force 12 months following registration. Registration date is not yet known.

Brief summary

On July 4, 2015, proposed amendments to various regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PC Act) were published in the Canada Gazette.

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