Dramatic Increase in Fintrac Fines Coming, but Their Effectiveness Is Less Clear

B.C. has reached a major milestone in efforts to fight organized crime, with the sentencing of a 37-year-old Richmond woman to 18 months in jail, the first sentencing in a decade in the province, says B.C.’s anti-gang agency on Nov. 24, 2025. The Canadian Press/Jonathan HaywardThe cost of doing business is set to go up, dramatically, for companies that don’t keep a close eye on anti-money laundering obligations.A broad range of firms that handle large transactions, from jewellers to big banks, face potential penalties 40 times higher than existing rates. The changes are part of Bill C-12, which passed in the House of Commons on Dec. 11 and is waiting for a final stamp of approval from the Senate.