Money laundering

Canada is active in the international fight against money laundering.

We are a founding member of the Financial Action Task Force (FATF) on money laundering, established in 1989 by the G7. We participate in the FATF peer evaluation program and contribute to research on money laundering and terrorist financing trends and typologies.

Domestic initiatives

Canada’s domestic regime reflects international standards. We have one of the highest levels of compliance among FATF jurisdictions.

Canada’s main agency for monitoring money laundering is the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

FINTRAC collects, analyses, assesses and shares information to help detect, prevent and deter money laundering and the financing of terrorist activities here and abroad.

Financial Action Task Force (FATF)

The FATF sets international standards for combating:

FATF’s standards are made with input from governments, the private sector, and civil society. They provide authorities with a framework to act against criminals and address threats to the international financial system, including the financing of the proliferation of weapons of mass destruction.

The Department of Finance is the lead agency representing Canada at the FATF and works in close cooperation with the following departments and agencies:

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