FINTRAC Update: New Ministerial Guidance

Effective immediately, the Government of Canada has issued new guidance regarding Iran.

While this update does not change any of FC Funding’s existing policies regarding Iran (namely, that any business ties to the country represents a hard-stop position and agents cannot proceed with the deal), there are additional requirements for the brokerage.

In short: if you have a clients who has any connection to the country - business, personal, or otherwise - please contact your AML officer immediately for further guidance.