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Explore the impacts of US tariffs on FINTRAC reporting entities and Canada's strategic responses to enhance border security and combat organized crime.
Co-authored by:
- Krutika Sequeira, Senior Manager, Financial Crimes, Risk Consulting
- Nathalie Rahil, Manager, Financial Crimes, Risk Consulting
Due to the recent political developments between Canada and the United States, it is critical to understand the potential impact on Canada’s economy and the impact of Canada’s response to the proposed tariffs on FINTRAC regulated reporting entities (REs). Although tariffs are changing daily, it is crucial not to underestimate their significance and the substantial impacts they have on each sector.