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ARTICLE · 02 JUNE 2021

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Canadian Anti-Money Laundering Requirements – Changes Effective June 1, 2021

McCarthy Tétrault
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On June 1, 2021, a series of regulatory amendments made to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "PCMLTFA")

CanadaGovernment, Public Sector
TechLex Blog
TechLex Blog
Ana Badour
Ana Badour
Shauvik Shah
Shauvik Shah
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On June 1, 2021, a series of regulatory amendments made to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "PCMLTFA") and regulations over the past few years will come into force, together with changes to guidance issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Our prior summaries of the regulatory amendments can be found here and here, along with our summaries of the changes to the FINTRAC guidance issued in February, March and May 2021.

In particular, the following guidance has been updated by FINTRAC effective June 1:

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