AML Compliance

AUSTRAC CEO Speech on Money Laundering and Legal Profession's Role

AUSTRAC CEO Brendan Thomas delivered a speech on March 12, 2026, detailing the mechanics and harm of money laundering. The speech emphasized the legal profession's role in preventing these activities, which cost Australia over $80 billion annually.

Canada Beneficial Ownership Requirements Guidance

FINTRAC has released a video explaining beneficial ownership requirements in Canada, crucial for combating money laundering and terrorist financing. The guidance is relevant to all reporting entities except title insurers.

FINTRAC Advisory on Financial Transactions with FATF High-Risk Countries

FINTRAC has issued an advisory regarding financial transactions with countries identified by the Financial Action Task Force (FATF). Reporting entities must treat transactions with the Democratic People's Republic of Korea (DPRK), Iran, and Myanmar as high-risk and apply enhanced due diligence measures.

FINTRAC Imposes Penalty on Manor Windsor Realty Ltd.

FINTRAC has imposed an administrative monetary penalty of $107,250 on Manor Windsor Realty Ltd. The real estate brokerage was found to be non-compliant with several provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Project Fletcher Fraud Investigation: Eight Arrests, Five Suspects Sought

Durham Regional Police Service announced eight arrests in Project Fletcher, a fraud investigation involving over $3 million defrauded from a Durham Region business. Five suspects remain at large. The investigation uncovered extensive money laundering activities over approximately 15 years.

FINTRAC Imposes $148,912 Penalty on Century 21 Heritage Group Ltd

FINTRAC has imposed an administrative monetary penalty of $148,912.50 on Century 21 Heritage Group Ltd. for failing to submit a suspicious transaction report. This action highlights the agency's commitment to enforcing anti-money laundering and anti-terrorist financing regulations.

UK Sanctions List Search Tool

The UK government has launched a search tool for its Sanctions List, which details designated individuals, entities, and ships subject to UK sanctions. This tool aims to assist users in identifying sanctioned parties and understanding their obligations.

Entity Exclusions and Debarment Record Details

This notice provides details on entity exclusions and debarment records maintained by the US government. It serves as a public record for entities that have been debarred or excluded from participating in federal contracts or programs.

Entity Exclusions and Debarments for Contractors

This notice from the US Federal Government provides information regarding entity exclusions and debarments for specific contractors. It serves as a public record of entities that are restricted from receiving federal contracts.

Entity Exclusions and Debarments Search

The SAM.gov website now provides a direct link to search for entity exclusions and debarments. This allows users to view specific companies that have been excluded or debarred from federal contracts and other programs.