CanadaThe governments of the United States, Canada, the United Kingdom and the European External Action Service announced coordinated sanctions in response to the May 23, 2021 forced landing of a commercial Ryanair flight by Belarus.
Fintrac Publishes Special Bulletin on Financing Related to Ideologically Motivated Violent Extremism
The Financial Transactions and Reports Analysis Centre of Canada published a special bulletin regarding ideologically motivated violent extremism and related terrorist financing following the addition of four groups to the Criminal Code list of terrorist entities.
Legal Brief: Canada Tackles Beneficial Ownership, Money Laundering in Real Estate
Editor’s Note: In the latest installment of our series, the moneylaundering.com legal team covers illicit finance in Canadian real estate and the push for publicly available beneficial-ownership information.
US, Canadian AML Regulators Seek ‘Technology-Neutral’ Approach
Federal regulators reminded banks to adhere to all existing anti-money laundering requirements and other expectations when engaging with cryptocurrency firms and other financial technology-based startups, regardless of whether the standards apply specifically to the nascent industry.
Weekly Roundup: MoneyGram Exits AML Settlement, Luxembourg Faces Daily AML Penalty, and More
The Financial Transactions and Reports Analysis Centre of Canada issued an administrative penalty of CA$59,235 against the Chilliwack, British Columbia-based real estate broker for failure to comply with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
The Financial Transactions and Reports Analysis Centre issued an administrative penalty against the Montréal, Canada-based dealer in precious metals and stones for non-compliance with Park 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.
| Technical | Effectiveness |
|---|---|
| Compliant : 11 | High : 0 |
| Largely Compliant : 18 | Substantial : 5 |
| Partially Compliant : 6 | Moderate : 5 |
| Non-Compliant : 5 | Low : 1 |
| Rank : 94/141 |
| Score : 4.68/10 |
| Rank : 12/180 |
| Score : 77/100 |
| Rank : 19/133 |
| Score : 56/100 |