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ARTICLE · 17 DECEMBER 2024

Consultation On Amendments To Canada's AML Regime Closes December 30

Osler, Hoskin & Harcourt LLP
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The Department of Finance has announced new proposed amendments to regulations made under Canada's Proceeds of Crime (Money Laundering)...

CanadaGovernment, Public Sector
Elizabeth Sale
Elizabeth Sale
Malcolm Aboud
Malcolm Aboud
Emilie Dillon
Emilie Dillon
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The Department of Finance has announced new proposed amendments to regulations made under Canada's Proceeds of Crime (Money Laundering) and Terrorism Financing Act (PCMLTFA). The consultation period for the proposed amendments closes on December 30, 2024. Interested parties should get their submissions in by the deadline.

This latest round of amendments to the regulations under the PCMLTFA will, if passed, implement and operationalize certain measures announced in recent federal budget bills (including the 2024 Budget). The proposed amendments can be grouped in four areas

  • enhancing the Canada Border Services Agency's powers under a new regime to tackle trade-based financial crime

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