New Anti-Money Laundering (AML) Regulations in Canada
As of October 11, 2024, the Canadian mortgage industry has entered a new era of regulatory oversight. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has implemented new Anti-Money Laundering obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), bringing heightened accountability and transparency to the sector. Understanding the […]
