Good morning! Welcome back to Queen Street Analytics' weekly digest of regulatory developments, legislative discussions, political announcements and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies.

Every Monday, we break down the most important updates in this space in under five minutes.

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Start Date: 2025-03-01
End Date: 2025-03-08

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Canada Strengthens Anti-Money Laundering Framework

On March 7, 2025, the Government of Canada announced new regulatory amendments to enhance its Anti-Money Laundering (AML) and Anti-Terrorist Financing framework. The measures include expanded authorities for the Canada Border Services Agency to tackle trade-based financial crime and a new framework for information sharing among private institutions. Additionally, AML obligations will now cover factoring companies and cheque cashing businesses. As of April 1, 2025, provincial civil forfeiture offices will receive financial intelligence from FINTRAC to aid in asset seizure.

Sources: Announcements: www.canada.ca

Response to U.S. Tariffs: Support for Canadian Businesses

Following the U.S. administration's imposition of tariffs, Canada announced measures to support businesses. The Trade Impact Program, with $5 billion in funding, will help exporters access new markets. Additionally, $500 million in loans will be available through the Business Development Bank of Canada to assist sectors affected by tariffs. Farm Credit Canada will provide $1 billion in financing to support the agriculture and food industry. The Investment Canada Act Guidelines were updated to protect against harmful foreign takeovers.

Sources: Announcements: www.canada.ca