The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published the Government of Canada’s 2025 Assessment of Money Laundering and Terrorist Financing Risks in Canada (National Risk Assessment), setting out the most significant threats and vulnerabilities and how businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act should use the findings in practice. Reporting entities are expected to use the National Risk Assessment to inform their risk-based approach and mitigation measures, and FINTRAC expects it to be integrated as foundational input when identifying and understanding inherent money laundering and terrorist financing risks relevant to a business’s sector and operations. The assessment is positioned as a key resource for developing and maintaining compliance programs, including internal business risk assessments, client risk profiling to support simplified, standard or enhanced due diligence, and transaction monitoring and reporting, with the aim of improving the quality, relevance and timeliness of reports submitted to FINTRAC. FINTRAC also expects businesses to supplement the National Risk Assessment with other available risk information, including FINTRAC strategic intelligence and guidance on evolving trends and typologies.
Financial Transactions and Reports Analysis Centre of Canada 2025-08-22
Financial Transactions and Reports Analysis Centre of Canada publishes Canada’s 2025 National Risk Assessment for money laundering and terrorist financing and sets expectations for reporting entities
FINTRAC released the 2025 National Risk Assessment, detailing significant money laundering and terrorist financing threats. Reporting entities should integrate these findings into their risk-based approaches and compliance programs, enhancing due diligence and transaction monitoring. FINTRAC advises supplementing the assessment with additional risk information and strategic intelligence.