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Canada proposes changes to PCMLTFR

The Canadian government has proposed a number of amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations. They have published the proposed amendments and a regulatory impact statement in the Canada Gazette and have invited comment. All the items out for consultation are listed on Finance Canada's […]

April 9, 2014: FINTRAC publishes SEMA expansion

On Wednesday, the Canadian regulator formally announced the enactment of the Special Economic Measures Act (SEMA) regulations against Ukraine and Russia. The regulations were actually both enacted on March 17th and each since amended at least once (Russia sanctions twice), but this is the first formal announcement. Links: FINTRAC Notice […]