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FINTRAC’s act and regulations

From: Financial Transactions and Reports Analysis Centre (FINTRAC)

List of the act and regulations relevant to the work performed by the Financial Transactions and Reports Analysis Centre (FINTRAC).

On this page

Proceeds of Crime (Money Laundering) Act

The Proceeds of Crime (Money Laundering) Act was amended in December 2001 to become the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).

The object of the PCMLTFA is:

A consolidated version of the PCMLTFA has been prepared for ease of reference by the Department of Justice Canada. It takes into account amendments that have been made to the PCMLTFA since its initial enactment and that are

Associated regulations


Main regulations

Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

About this regulations

This regulations prescribes:

  • customer identification requirements;
  • record keeping requirements;
  • transactions that must be reported (such as large cash transactions, electronic funds transfers and casino disbursements); and
  • compliance regime requirements.

For more information on this regulation, consult the FINTRAC Guidelines.

Legislative change

A consolidated version of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations has been prepared for ease of reference by the Department of Justice Canada. It takes into account amendments that have been made to the regulations since their initial publication and that are currently in force. The consolidation does not replace the original Regulations or amendments.

Reference

Canada Gazette, Part II, SOR/2002-184 (PDF 832 KB) as amended by the following Statutory Orders and Regulations (SOR):

Suspicious transactions reg.

Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Reporting Regulations

About this regulations

This regulations prescribes:

  • the entities that are subject to Part I of the PCMLTFA;
  • the information that must be in a suspicious transaction report and a terrorist property report;
  • the time limits and the format of the reports; and
  • the "designated information" which FINTRAC can disclose.

For more information on this regulation, consult the FINTRAC Guidance.

Legislative change

A consolidated version of the Proceeds of Crime (Money Laundering) And Terrorist Financing Suspicious Transaction Reporting Regulations has been prepared for ease of reference by the Department of Justice Canada. It takes into account amendments that have been made to the regulations since their initial publication and that are currently in force. The consolidation does not replace the original Regulations or amendments.

Reference

Canada Gazette, Part II, SOR/2001-317 (PDF 1.32 MB – see page 1927) as amended by the following Statutory Orders and Regulations (SOR):

Cross-border currency reg.

Cross-Border Currency and Monetary Instruments Reporting Regulations

About this regulations

This regulations among other things:

  • defines "monetary instruments";
  • prescribes the reporting threshold at $10,000; and
  • prescribes the manner of reporting to the CBSA.

For more information about this regulation, refer to the Canada Border Services Agency (CBSA) website.

Legislative change

A consolidated version of the Cross-Border Currency and Monetary Instruments Reporting Regulations has been prepared for ease of reference by the Department of Justice Canada. It takes into account amendments that have been made to the regulations since their initial publication and that are currently in force. The consolidation does not replace the original Regulations or amendments.

Reference

Canada Gazette, Part II, SOR/2002-412 (PDF 390 KB) as amended by the following Statutory Orders and Regulations (SOR):

Registration reg.

Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations

About this regulations

This regulations came into force on June 23, 2008.

It prescribes applications, notifications, clarifications and supplementary information for money services business (MSB) registration.

For more information, consult the Money services businesses (MSBs) pages.

Legislative change

A consolidated version of the Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations has been prepared for ease of reference by the Department of Justice Canada. It takes into account amendments that have been made to the regulations since their initial publication and that are currently in force. The consolidation does not replace the original Regulations or amendments.

Reference

Canada Gazette, Part II, SOR/2007-121 (PDF 4.78 MB) as amended by the following Statutory Orders and Regulations (SOR):

Penalties reg.

Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations

About this regulations

This regulations came into force on December 30, 2008.

It sets out the specific violations and the classification of those violations as minor, serious or very serious.

Legislative change

A consolidated version of the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations has been prepared for ease of reference by the Department of Justice Canada. It takes into account amendments that have been made to the regulations since their initial publication and that are currently in force. The consolidation does not replace the original Regulations or amendments.

Reference

Canada Gazette, Part II, SOR/2007-292 (PDF 4.06 MB) as amended by the following Statutory Orders and Regulations (SOR):

  • SOR/2008-194 (PDF 5.85 MB) (These amendments came into force on several different dates.)
  • SOR/2016-153 (These amendments came into force on two different dates.)
  • SOR/2019-240 (These amendments came into force in June 2021.)
  • SOR/2020-112 (These amendments to SOR/2019-240 came into force on May 20, 2020.)
  • SOR/2022-76 (These amendments came into force on April 5, 2022.)

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