Federal · P-24.501

Proceeds of Crime (Money Laundering) and Terrorist Financing Act

Current version date March 26, 2026 · official source text · watch this law (RSS)

Financial Services & Insurance

Change history

Federal · AmendedDate recorded March 26, 2026

Canada's anti-money-laundering law overhauled: higher fines, tougher compliance orders and new enrolment regime

The Proceeds of Crime (Money Laundering) and Terrorist Financing Act has been significantly amended in two main waves. First, criminal fines for most compliance offences have been sharply increased — for example, gene…

P-24.501Financial Services & InsuranceGovernment OperationsConsumer & Business+326 / −124 lines