Following the Strengthening Canada’s Immigration System and Borders Act (Bill C-12) receiving Royal Assent on March 26, 2026, FINTRAC is implementing a revised administrative monetary penalties framework under the PCMLTFA. The new framework significantly expands FINTRAC’s enforcement powers, including defining prescribed violations, increasing maximum penalties up to 40 times current limits, introducing mandatory compliance agreements, and adding compliance orders as enforcement tools.
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