Stiffer fines come into effect in Canada
The LinkedIn post below by Michael Cosgrove is a good reminder that Canada has steppedup its penalty regime under the Proceeds of Crime Money Laundering and TerroristFinancing Act (PCMLTFA). As of March 26, 2026, the maximum fine has gone from$500,000 to $20 million. This is still well below what the US Department of Justice levied […]