The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published new guidance and a report form for businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) to report terrorist and sanctioned property-related information.
Guidance: Reporting listed person or entity property to FINTRAC
Report form: Listed Person or Entity Property Report
The guidance provides details on how to report property associated to a terrorist group or sanctioned person or entity, replacing the previous guidance: Reporting terrorist property to FINTRAC. The form also replaces the Terrorist Property Report form.
Listed persons and entities under the United Nations Act
Starting March 2, 2025, businesses must submit a Listed Person or Entity Property Report to FINTRAC when they are required to make a disclosure under the United Nations Act to disclose the existence of property in their possession or control that is owned, held, or controlled by or on behalf of a designated person. Businesses must familiarize themselves with the disclosure thresholds provided for in each order or regulation.
Listed persons and entities under the Special Economic Measures Act and the Justice for Victims of Corrupt Foreign Officials Act
Starting October 1, 2025, businesses must submit a Listed Person or Entity Property Report to FINTRAC when they are required to make a disclosure under the Special Economic Measures Act or the Justice for Victims of Corrupt Officials Act to disclose the existence of property in their possession or control that is owned, held or controlled by or on behalf of a listed person or foreign national. Businesses must familiarize themselves with the disclosure thresholds provided for in each order or regulation.
These requirements are in addition to longstanding obligations to report to FINTRAC terrorist property and transactions where there are reasonable grounds to suspect that they are related to sanctions evasion.
Additional resources:
• Report suspected sanctions evasion
• Listed persons, mistaken identity and delisting (Global Affairs Canada)
• Canadian sanctions (Global Affairs Canada)
For questions, please contact FINTRAC by telephone at 1-866-346-8722 (toll-free) or by email at guidelines-lignesdirectrices@
