Regulatory Alerts2022-12-15
FINTRAC publishes terrorist activity financing indicators in its new Operational Alert
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) issued a new Operational Alert providing specific indicators to help regulated businesses identify and report suspicious transactions linked to terrorist activity financing. Based on a strategic analysis of 2019–2022 financial intelligence, the alert details financing patterns associated with domestic ideologically motivated violence, international terrorist groups like Daesh and Hizballah, and extremist travellers, requiring businesses to evaluate these factors alongside client due diligence to establish reasonable grounds for suspicion. Timely reporting of these transactions enables FINTRAC to generate actionable financial intelligence that supports investigations by Canadian police, law enforcement, and national security agencies.