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ARTICLE · 19 AUGUST 2025

Changes To FINTRAC Supervision Model And Penalty Policy

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On Aug. 6, 2025, the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC) unveiled its supervisory framework (Supervisory Framework) and updated administrative monetary penalties policy (AMP Policy).

CanadaGovernment, Public Sector
Suhuyini Abudulai
Suhuyini Abudulai
Maria Nasr
Maria Nasr
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On Aug. 6, 2025, the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC) unveiled its supervisory framework (Supervisory Framework) and updated administrative monetary penalties policy (AMP Policy).

Supervisory Framework

FINTRAC's Departmental Plan

The Supervisory Framework follows FINTRAC's publication of its Departmental Plan for the fiscal year of 2025-2026 (Departmental Plan).

On June 17, 2025, FINTRAC presented its Departmental Plan setting out FINTRAC's priorities and planned achievements for the upcoming fiscal year. The Department Plan placed a strong emphasis on FINTRAC's supervision mandate of ensuring compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its regulations (the PCMLTFA). To assist FINTRAC in executing its supervision work in an effective fashion and intervening in a timely manner, FINTRAC set out its plan to strengthen its Supervisory Framework and supporting systems using a

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