Sanctions, Corruption, Money Laundering

Securities dealers, including CIRO member dealers, are subject to Canada's anti-money laundering (AML) and anti-terrorist financing (ATF) regime.

He discussed the progression of economic crime, the recovery of assets, money laundering and enforcement.

As all registrants know, reporting entities including advisers and dealers are required to report suspicious transactions for money laundering or terrorist financing to the Financial Transactions and Reports Centre of Canada.

Under the "Freezing Assets of Corrupt Foreign Officials Act", FINTRAC issued an advisory note.

On February 24, 2024, the Ministerial Directive on Financial Transactions Associated with Russia (the Directive) took effect. The Directive applies to various entities regulated under the Proceeds of Crime...

On February 14, 2013, we discussed the publication of amendments to the "Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations".

If businesses needed any evidence of the importance of having adequate anti-money laundering controls in place, perhaps the possibility of a $1 billion fine that could be imposed by U.S. regulatory authorities on a financial institution for having inadequate controls will get their attention

With the legal and business landscapes rapidly evolving over the last year, McCarthy Tétrault's 2024 Outlook Series looks at the latest developments across key industries that will affect your business in 2024...

The Government of Canada recently published its 2025 Assessment of Money Laundering and Terrorist Financing Risks in Canada (the "2025 Assessment")...

Potential Extension of FINTRAC Requirements to the Mortgage Industry – There's no Place Like Home Registered dealers and advisers are well versed in the AML requirements contained...

As many professionals who follow Canadian anti-money laundering legislation are aware, on June 17 and June 30, 2017 respectively, new provisions of the Regulations under the Proceeds of Crime...

The Department of Finance has announced new proposed amendments to regulations made under Canada's Proceeds of Crime (Money Laundering)...

Maureen Ward speaks with CBA National Magazine on what lawyers need to watch for to keep from getting caught up in a money laundering scheme.

On August 6, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) released its updated supervisory framework and policies regarding monetary penalties.

In a decision released on Friday, the Supreme Court of Canada has recognized a new principle of fundamental justice: a lawyer’s duty of commitment to the client’s cause.

The Financial Transaction and Reports Analysis Centre of Canada (FINTRAC) has recently updated its industry guidance (Revised Guidance) in relation to the filing of suspicious transaction reports (STRs).

Reporting entities such as advisers and dealers are required by FINTRAC to monitor clients with whom they have a business relationship on an ongoing basis.

On March 26, 2026, Bill C-12, the Strengthening Canada’s Immigration System and Borders Act, received royal assent. The Bill significantly amends Canada’s anti-money laundering (AML) legislation...

As we previously reported, amendments made earlier this year to the Proceeds of Crime (Money Laundering) Terrorist Financing Act (PCMLTFA) allow reporting entities under the PCMLTFA...