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FATF Gives Canada Passing Grade, Orders Regular Follow-Up

By Drooid · Sep 30, 2026, 2:33 AM UTC · How we work

Summary

Story summary

Financial Action Task Force (FATF) gave Canada a passing grade but placed it in regular follow-up.
Assessors urged convictions and a risk-based approach for real-estate and precious-metal dealers.
From FY 2019-20 to 2023-24, 86% of money-laundering charges were withdrawn.
Finance Minister François-Philippe Champagne announced crypto-ATM bans, a financial-crime agency, and Ontario’s unexplained-wealth order plan.

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Story summary

Financial Action Task Force (FATF) gave Canada a passing grade but placed it in regular follow-up.
Assessors urged convictions and a risk-based approach for real-estate and precious-metal dealers.
From FY 2019-20 to 2023-24, 86% of money-laundering charges were withdrawn.
Finance Minister François-Philippe Champagne announced crypto-ATM bans, a financial-crime agency, and Ontario’s unexplained-wealth order plan.