Canada’s Regulatory Landscape in 2023

2022 was an unprecedented year for financial crime-fighting in Canada. The invasion of Ukraine transformed the use of sanctions, and the funding of groups supporting blockades reshaped attitudes to decentralized finance. 

But, with 40 percent of Canadian firms reporting in our industry survey that their knowledge of regulations would be at risk in an audit, how can compliance teams effectively prepare for the year ahead?

Our guide explores the changing anti-money laundering (AML) landscape in Canada, including proposed regulatory changes, and the priorities of FINTRAC, the country’s key regulator. We also explore the implications of a new regulatory body being introduced and summarize takeaways firms can implement in their own compliance programs.