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ARTICLE · 30 SEPTEMBER 2025

Recent Developments In Anti-money Laundering Regulation

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The Canadian government has been broadening anti-money laundering (AML) legislation and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has been intensifying its focus on AML...

CanadaGovernment, Public Sector
Peter Aziz
Peter Aziz
Marissa Daniels
Marissa Daniels
Hailey Schnier
Hailey Schnier
James Flynn
James Flynn
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The Canadian government has been broadening anti-money laundering (AML) legislation and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has been intensifying its focus on AML compliance in anticipation of the Financial Action Task Force (FATF)'s mutual evaluation of Canada's AML regime in late 2025. This article outlines recent and proposed regulatory changes affecting the financial sector, including amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), and highlights evolving considerations for banking fintechs such as payment services providers (PSPs) and money services businesses (MSBs), including virtual currencies firms.

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