8th June 2020

Anti-Money Laundering in Canada Report 2020

Anti-Money Laundering
in Canada 2020

Money laundering is a billion-dollar business in Canada. Just shy of C$50 billion was estimated to have been laundered through Canada’s economy in 2018. For the past 10-15 years, Canada has been working to overcome its reputation for weak legislation and controls with respect to financial crime. In response to the gaps identified in its AML/ATF regime, Canada passed amendments to its primary legislation addressing money laundering and terrorist financing.

In our report we break down:

  • New Legislation and Regulatory Requirements
  • Extension of PCMLTFA to New Entities
  • Regulations Enacted But Not Yet Implemented

Ready to read the report?