Canada: Government Issues Budget Plan 2019

On March 20, 2019, the Canadian government published a budget plan for 2019, titled "Investing in the Middle Class". The plan proposes to modernise the country's anti-money laundering and counter-terrorism financing (AML/CTF) framework and enhance financial intelligence and information sharing to identify and meet evolving threats.

By strengthening Canada’s AML/CTF regime and tax evasion, the government hopes that Canadians will have a more safe, secure and better quality of life, and it will provide stability to the financial sector and the broader economy. These plans are a result of growing concerns that illicit funds are finding their way into the economy through channels on which millions of Canadians rely.

The government proposes to:

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial