FINTRAC ramps up: insights from the 2024-5 annual report

Canada’s anti-money-laundering and terrorist financing watchdog significantly increased its activity over the last year.

A significant uptick in financial intelligence and enforcement activity – including greater output to police and security partners, more exams, and more penalties – was announced in the Financial Transactions and Reports Analysis Centre of Canada’s (FINTRAC’s) latest annual report. Underscoring this robust trend is the regulator’s record C$176.96m ($127m)

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