Submit a code of practice under the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

Changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) came into force on March 4, 2025.

As of that date, reporting entities under the PCMLTFA can develop codes of practice that relate to the sharing of personal information between themselves and submit them to the Office of the Privacy Commissioner of Canada for review and approval. The codes would apply to the sharing of personal information without the individual’s consent under section 11.01 of the PCMLTFA.

These changes are intended to facilitate the detection and deterrence of money laundering, terrorist financing, and sanctions evasion while also helping to ensure that individuals’ fundamental right to privacy is respected through a review and approval role for the Privacy Commissioner before information can be disclosed. 

These codes of practice will outline the conditions under which personal information can be shared between reporting entities.

Codes must conform with regulatory requirements set out in the PCMLTFR, including providing substantially the same or greater protection of personal information as that provided under Canada’s federal private sector privacy law, the Personal Information Protection and Electronic Documents Act (PIPEDA).

What do I include in my submission?

• Your draft code of practice
• All supporting documentation

How do I submit it?

If you would like to submit a code of practice for review, please contact the OPC online or by phone at 1-800-282-1376.