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ARTICLE · 27 OCTOBER 2025

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Reminder: New FINTRAC Requirements Effective October 1, 2025

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

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New reporting, verification, and other compliance obligations are now in force for money services businesses ("MSBs"), title insurers, real estate professionals, and acquirers of private automated banking machines ("ABMs").

CanadaTechnology
TechLex Blog
TechLex Blog
Cindy Zhang
Cindy Zhang
John Boscariol
John Boscariol
Shalini Mudiyanselage
Shalini Mudiyanselage
Gajan Sathananthan
Gajan Sathananthan
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New reporting, verification, and other compliance obligations are now in force for money services businesses ("MSBs"), title insurers, real estate professionals, and acquirers of private automated banking machines ("ABMs").

In our previous client alert, "Canada's AML Expansion Comes Into Effect Sooner than Expected on April 1, 2025", we noted that certain anti-money laundering/anti-terrorist financing ("AML/ATF") legislative amendments came into force earlier than initially planned, on April 1, 2025. Other changes, however, retained their original effective date of October 1, 2025.

We have elaborated on these amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "PCMLTFA") and its regulations, which continue the trend of

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