The Daily Delta - Canadian AML & Financial Crime News
July 16, 2026
Featured
Financial Transactions and Reports Analysis Centre of Canada
FINTRAC issued its July 15 advisory following FATF’s June 19 statements, confirming that the Democratic People’s Republic of Korea and Iran remain subject to calls for countermeasures, while Myanmar remains subject to enhanced due diligence measures. The advisory lists 23 jurisdictions under increased monitoring and notes that Algeria and Namibia have been removed from the FATF grey list. It also reiterates Canada’s existing Ministerial Directive requirements for transactions involving the DPRK and Iran, including prescribed high-risk treatment, identity verification, due diligence and recordkeeping measures, with additional reporting obligations for Iran-related transactions.
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