Financial entities must register with FINTRAC.  An organization or person applying to register with FINTRAC may be denied registration if:

  • They are a listed person or listed entity.
  • They have been convicted of:
  • A money laundering offence.
  • A terrorist financing offence.
  • An offence under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
  • An offence related to participating in, or facilitating the activities of, a terrorist group.
  • An offence related to possession of property from crime.
  • An offence for participating in a criminal organization.
  • An offence for fraud.
  • A serious drug offence.