Title insurance and FINTRAC: What lenders need to know as of October 1, 2025

Effective October 1, 2025, title insurers in Canada will be designated as reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). This regulatory change, published in the Canada Gazette in 2024, aligns title insurers with financial institutions in terms of compliance obligations. These include establishing a compliance program, verifying client identity, maintaining records and reporting to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), especially in cases of suspicious transactions or terrorist property. The goal is to enhance oversight of real estate transactions, which are widely recognized as vulnerable to money laundering activities.

Although lenders and lawyers are not directly subject to FINTRAC in this context, the changes will have practical implications.  To find out more, read the complete article on the Dentons’ web site written by Marta Recinos and Marie-Jeanne Tétreault.