FINTRAC has released a series of notices and advisories updating guidance and requirements for reporting entities. Key updates include new indicators for money laundering related to bribery and corruption, revised guidance on politically exposed persons, and specific instructions regarding ministerial directives on Iran, North Korea, and Russia. Additionally, FINTRAC has updated its guidance on beneficial ownership discrepancy reporting, information sharing, and requirements for various financial entities such as money services businesses, cheque cashers, factors, and financing/leasing entities.

Reporting entities must review these notices to ensure compliance with updated obligations. Specific effective dates are mentioned for some guidance, such as October 1, 2025, for several updates. Entities involved in real estate transactions, private automated banking machines, and title insurance also have specific requirements to adhere to. FINTRAC has also published its supervisory framework and updated its administrative monetary penalties policy, underscoring the importance of compliance and the potential consequences of non-adherence.