FINTRAC updates guidance on reporting suspected sanctions evasion

By Anosha Khan ( August 19, 2024, 4:30 PM EDT) -- The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has announced that, as of Aug. 19, businesses that are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act are to report transactions suspected to be related to evading sanctions....