Federal officials signal a more risk-based approach to AML compliance
A new regulatory streamlining initiative could create opportunities to reduce unnecessary compliance burden while maintaining the effectiveness of Canada's
Prime Minister Carney unveiled his cabinet this Tuesday, May 13th in Ottawa. The full list can be found here
Of note, Francois Philippe Champagne will remain in his job as Minister of Finance. Dominic Leblanc will be responsible for Canada-US trade, and Chrystia Freeland keeps her job as Minister of Transport and Internal Trade. A small number of more junior Ministers of State were also announced. Wayne Long will be Minister of State for CRA and Financial Institutions, signalling the government's focus on the sector in the coming session of Parliament.
CCUA will reach out to all these ministers and their teams in the weeks to come, ahead of the session of Parliament that will start later this month.
Please contact Michael Hatch with any questions.