May 4, 2020
On February 21, 2020, the Financial Action Task Force (FATF) issued a statement on high-risk jurisdictions subject to a call for action and a statement on jurisdictions under increased monitoring. …
June 6, 2019
May 30, 2019 (Toronto, Ontario) – The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) today announced a new Memorandum of Understanding (MOU) to better protect against money laundering and terrorist financing while reducing the compliance burden on IIROC-regulated investment firms.
June 3, 2019
Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Regulators are strengthening their collaborative efforts to identify and combat money laundering and terrorist activity financing risks in the securities dealers sector across Canada. FINTRAC announced today that its Memorandum of Understanding with the Investment Industry Regulatory Organization of Canada (IIROC) has been strengthened to allow for greater cooperation and information sharing in the fight against money laundering and terrorist activity financing, while reducing the duplication of effort and the compliance burden for Canadian securities dealers.
April 12, 2019
Romance fraud involves perpetrators expressing false romantic intentions toward victims to gain and then take advantage of their trust and affection in order to access their cash, bank accounts and credit cards. The Canadian Anti-Fraud Centre has found that romance fraud victims account for some of the highest dollar losses per year from mass marketing frauds in Canada. However, romance fraud is one of the lowest reported types of mass marketing fraud, because victims can be ashamed to come forward, or may be unaware or unwilling to accept that they are a victim.
March 6, 2019
ASC said that Neil Andrews was sentenced to two years in jail, 18 months of probation and ordered to pay restitution in the amount of $418,835 for fraud.
February 11, 2019
To ensure a strong and effective Anti-Money Laundering and Anti-Terrorist Financing Regime for Canadians, FINTRAC is committed to helping businesses comply with their obligations under the Act. Compliance with the Act brings transparency to certain financial activities, helping to deter criminals and terrorists from operating within the legitimate channels of Canada’s economy. It also ensures that FINTRAC receives the information that it needs to generate financial intelligence for Canada’s police, law enforcement and national security agencies.
December 16, 2018
FINTRAC today published its Terrorist Financing Assessment: 2018, which provides an assessment of the terrorist activity financing risks presented by various countries around the world.
December 2, 2018
Finance Minister Bill Morneau tabled in Parliament the 2017–18 Annual Report of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The report outlines key activities and operations that the Centre carried out in 2017–18 to help protect Canadians and the integrity of Canada’s financial system.
November 25, 2018
Financial transactions related to countries identified by the Financial Action Task Force (FATF)
November 13, 2018
Canada Revenue Agency (CRA) officials participated in a five-nation challenge to optimize international coordination against tax evasion.
