Do I need to look for different money laundering indicators now that tax evasion and copyright offences are designated offences under the Criminal Code?
No. When you have reasonable grounds to suspect that a transaction could be related to money laundering or terrorist activity financing, you have to send a Suspicious Transactions Report to FINTRAC, regardless of where the money comes from. If you dont suspect any money laundering or terrorist activity financing, you have no obligation to report to FINTRAC. You should continue to use the indicators of money laundering that you were using before tax evasion and copyright offences became designated offences.
