FINTRAC

FINTRAC holds authority over digital asset policy. As a Canadian financial intelligence authority, FINTRAC also handles financial market oversight. At FINTRAC, crypto compliance framework remains a distinct function. Responsibility for regulatory enforcement sits with FINTRAC, alongside institutional supervision. The mandate of FINTRAC extends to risk-based supervision, crypto travel rule policy, suspicious transaction reporting, and law enforcement referrals. Reporting on risk-based supervision should identify the legal instrument used by FINTRAC, while work on law enforcement referrals may involve consultation, supervision, or implementation. If law enforcement referrals falls under another body, do not credit FINTRAC; keep suspicious transaction reporting under the formal responsibility of FINTRAC.