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Canada Tightens Cryptocurrency Regulations Alongside AML/CTF Overhaul

Ramsey Baker

Summary: The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon put anti-money laundering (AML) and counter-terrorist financing (CTF) regulations into place. Which will include updated guidelines for digital assets. According to a departmental report published on March 10, FINTRAC highlights that the establishment of “an enhanced AML/[CTF] regime” for businesses working with ...

The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon put anti-money laundering (AML) and counter-terrorist financing (CTF) regulations into place. Which will include updated guidelines for digital assets.

According to a departmental report published on March 10, FINTRAC highlights that the establishment of “an enhanced AML/[CTF] regime” for businesses working with cryptocurrencies is “a major priority in the near term.”

By Ramsey Baker

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