New Measures Strengthen Canada’s AML/ATF Regime

April 2, 2025 by Nasdaq Verafin

“The Government of Canada is committed to maintaining a strong Anti-Money Laundering and Anti-Terrorist Financing framework that maintains the integrity of Canada’s financial system. These amendments will ensure that we remain effective and nimble in combatting financial crime and block... 

Fraud Detection and Management Overview – Canada

Fraud is constantly evolving. As scams grow more sophisticated, financial institutions need robust controls in place to prevent loss. Using cross-channel intelligence, targeted analytics and... 

Canadian Financial Crime Trends & Technology: Reflecting for 2025

January 17, 2025 by Nasdaq Verafin

Financial crime is a worldwide problem. In Canada, drug trafficking, human trafficking, terrorist financing and other illicit proceeds of financial crime are estimated to contribute nearly $47 billion to this global epidemic, capitalising on vulnerable Canadians and threatening the integrity... 

2024 Canadian Financial Crime Trends & Technology

Last year, nearly $47 billion in illicit funds flowed through the Canadian financial system, fueled by predicate crimes for money laundering, along with billions of... 

2024 Canadian Financial Crime Trends & Technology

Originally Presented: December 12, 2024

Last year, nearly $47 billion in illicit funds flowed through the Canadian financial system, fueled by predicate crimes for money laundering, along with billions of... 

Detecting and Preventing Wire Fraud: Insights for Canadian Institutions

Originally Presented: November 15, 2024

Wire fraud is a major threat as criminals develop increasingly complex scams to target your institution and customers. With $6.7 billion lost to Business Email... 

Canadian Financial Crime Trends & Technology 2023

January 17, 2024 by Bill Heys

Canadian financial institutions are facing significant challenges preventing fraud and money-laundering activities. In our recent year-end webinar, Verafin had the opportunity to speak with Sarah Paquet, Director and Chief Executive Officer of FINTRAC, to discuss the changing landscape of fraud... 

Canadian Financial Crime Trends & Technology: Year in Review

Originally Presented: December 8, 2023

Evolving fraud threats, AML regulatory considerations and emerging financial crime management innovations have made 2023 a significant year for Canadian financial institutions. With 2024 fast... 

Financial Crime Management in Canada

Nasdaq Verafin’s cloud-based cross-institutional software is used by banks and credit unions in Canada to fight financial crime and strengthen regulatory compliance. Innovative analytics examine... 

FINTRAC Reporting for Canadian Financial Institutions

Federal law requires Canadian financial institutions to report suspicious transactions, electronic funds transfers and large cash transactions to FINTRAC. Investigating, compiling and submitting these transactions...