The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published information on the implementation of legislative amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act). These amendments were introduced in the Strengthening Canada’s Immigration System and Borders Act and the Budget 2025 Implementation Act, which received Royal Assent on March 26, 2026.
The Strengthening Canada’s Immigration System and Borders Act introduces the following amendments to the Act and associated Regulations:
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The Budget 2025 Implementation Act enacts the Stablecoin Act, which establishes requirements for stablecoin issuers. Once in force through future regulatory amendments, stablecoin issuers will be required to register with FINTRAC as money services businesses.
Implementation and coming into force
Various coming into force dates apply. FINTRAC will provide further information to assist businesses subject to the Act in complying with obligations relating to these amendments as they come into force.
For more information, consult:Â Modernization and upcoming changes impacting reporting entities.
