North America

Canada AML authorities

Canada’s AML regime is set by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). FINTRAC is both regulator and FIU. Sanctions are administered under SEMA and the Justice for Victims of Corrupt Foreign Officials Act.

Financial intelligence unit: FINTRAC Financial Transactions and Reports Analysis Centre of Canada
AML regulator: FINTRAC FINTRAC
Sanctions authority: GAC Global Affairs Canada
FATF status: FATF Member & Co-Founder

For legislation, supervisors and obligations in more depth, read the Canada AML guide.

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