The Financial Action Task Force (FATF) monitoring process began in 2007 and the mutual evaluation assessment methodology is regularly updated to take into account the revised FATF standards. The methodology focuses on reviewing the level of effectiveness of a country’s anti-money laundering/counter-terrorist financing (AML/CTF)...

Canada—despite facing huge money laundering challenges in the real estate, human trafficking, casino and cannabis sectors—is one of the biggest anti-money laundering (AML) pioneers among North American countries. Canada’s financial intelligence unit, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has a vision...