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ARTICLE · 31 MARCH 2025

Compliance Crunch Time: Amendments To Canada's AML/ATF Compliance Regime Have Arrived

Final regulations (Regulatory Amendments) were published on March 26, 2025, amending certain regulations...

CanadaGovernment, Public Sector

Final regulations (Regulatory Amendments) were published on March 26, 2025, amending certain regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) in the Canada Gazette, Part 2, Volume 159, Number 7: Proceeds of Crime (Money Laundering) and Terrorist Financing Reporting of Goods Regulations and Canada Gazette, Part 2, Volume 159, Number 7: Regulations Amending the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations.

The Regulatory Amendments address several measures we previously reported on in our insight titled Regulatory Developments Affecting Financial Services in Canada: What (really) matters for 2025. They include the changes relating to (1) trade-based financial crime, (2) expansion of PCMLTFA obligations to include new requirements for factoring companies, financing and leasing

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