AML Is Changing Fast: What FINTRAC Now Expects From Businesses!!

Welcome to the CanadianSME Small Business Podcast, hosted by Kripa Anand. Today, we explore the evolving landscape of Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) in 2026, highlighting why robust compliance is crucial for both financial and non-bank sectors. Joining us is Mondiu Jaiyesimi, Partner at MNP LLP, leading AML and ATF advisory in Ontario. He shares insights on emerging trends, rising expectations for fintech and iGaming, and the board’s role in fostering a culture of compliance. Key Highlights Emerging AML Risks: Current trends and National Risk Assessment guidance for Canadian reporting entities. Non-Bank Expectations: Regulatory changes and practical challenges for iGaming, fintech, and PSPs. Board Engagement: How governance shapes compliance and involves boards without deep AML expertise. Program Optimization: Tips for building or updating AML programs and preparing for regulatory scrutiny. Core Takeaway: Key message for Canadian SMEs on confidently managing regulatory obligations. Special Thanks to Our Partners: UPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWA ADP Canada: https://www.adp.ca/en.aspx For more expert insights, visit www.canadiansme.ca and subscribe to the CanadianSME Small Business Magazine. Stay innovative, stay informed, and thrive in the digital age! To learn more about how we are supporting the ecosystem, please visit the CanadianSME Small Business Foundation at smbfoundation.ca. Disclaimer: The information shared in this podcast is for general informational purposes only and should not be considered as direct financial or business advice. Always consult with a qualified professional for advice specific to your situation.