FINTRAC’s July 15, 2026, advisory is more than just a standard update. It highlights current risks such as money laundering, terrorist financing, sanctions evasion, and higher-risk countries that could affect Canadian jewellery businesses.

Jewellers might encounter these risks through foreign suppliers, unusual wire transfers, online customers, third-party payments, unclear ownership, or certain shipping destinations. Even smaller transactions may require additional checks, better recordkeeping, sanctions screening, or further review before deciding whether they should be reported to FINTRAC.

Jewellers should review the advisory to identify which countries require closer attention, consider how sanctions-evasion issues might affect suspicious transaction reporting, and ensure their risk assessments, policies, training, and monitoring are up to date.