Financial entities must register with FINTRAC.Â 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.