September 15, 2025 – Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued updated guidance affecting reporting entities in the real estate sector, including changes to information records for unrepresented parties and the use of agents or mandataries. These updates, effective October 1, 2025, aim to enhance compliance with anti-money laundering and countering the financing of terrorism regulations.
For the full announcement, please refer to the original source: FINTRAC Updates Guidance.
Why get Notices and advisories from FINTRAC
These updates introduce new compliance obligations for real estate professionals, including title insurers and acquirer services related to private automated banking machines. Organizations must adapt their reporting systems and processes to align with these changes, ensuring ongoing compliance with regulatory standards.
How Gnowit Can Help
Gnowit’s Regulatory Compliance Monitoring Software is designed to assist businesses in staying informed about regulatory changes. Our platform provides real-time alerts on updates to published acts and regulations, committee reports, and ministerial press releases, ensuring that your organization remains compliant and proactive in its compliance efforts.