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ANALYSIS: Canada almost certain to avoid FATF greylist after latest MER — despite TD Bank scandal

Premium September 29, 2026

TD bank ATM machines are seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon/File Photo

LATEST: FATF’s new MER flags major gaps in Canada’s money laundering prosecutions

NEWS: Last chance for IAFCS 2026 tickets as registration set to close

BREAKING: Switzerland fines Julius Baer €10.6m (CHF10m) over anti-money laundering failings

By PAUL O’DONOGHUE, Senior Correspondent

CANADA’S latest MER (Mutual Evaluation Report) from the FATF (Financial Action Task Force) likely came as a major relief to Ottawa officials. 

Barring a major shock, the country will almost certainly not be added to the FATF’s dreaded grey list, which lists jurisdictions with problematic AML regimes.

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LATEST: FATF’s new MER flags major gaps in Canada’s money laundering prosecutions

NEWS: Last chance for IAFCS 2026 tickets as registration set to close

BREAKING: Switzerland fines Julius Baer €10.6m (CHF10m) over anti-money laundering failings

Regulatory Watch News

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    UK Government

    Today, Tuesday 29 September, the UK Government has amended 1 entity designated under the ISIL (Da’esh) and Al-Qaeda Sanctions Regime. This reflects an amendment made on 28 September by the UN Security Council Sanctions Committee pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015). Amended Entity:

    Name: UN ID: Unique ID:
    Khatiba Jama’at Al-Tawhid Wal-Jihad (KTJ) QDe.168 AQD0377

  • Investigation Troja: EPPO uncovers criminal organisation suspected of having sold over one million used mobile phones as if they were new

    European Public Prosecutor's Office

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  • SFC reprimands and fines Zheng Da International Financial Holding Limited $7 million and suspends its responsible officer for regulatory breaches

    Securities and Futures Commission

    The Securities and Futures Commission (SFC) has reprimanded and fined Zheng Da International Financial Holding Limited (Zheng Da) $7 million for failures in complying with anti-money laundering and counter-financing of terrorism (AML/CFT) and other regulatory requirements between 1 December 2021 and 30 September 2023 (Relevant Period) (Note 1). The SFC has also suspended the licence of Zheng Da’s responsible officer, Mr Zhong Hao, for seven months from 28 September 2026 to 27 April 2027

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