FINTRAC Political Person FAQ

On May 11, FINTRAC issued FAQs on politically exposed persons.

  • FAQs regarding identification, treatment of politically exposed persons in Canada.
  • Including for the heads of international organizations, and their family members.
  • Follows FINTRAC Dec. 2016 guidance on politically exposed persons.


  • Per legal requirements, Canadian financial institutions, life insurance providers,
    securities dealers and money services businesses, must ask questions of clients.
  • Questions to determine if client, or certain family members or close associates,
    are politically exposed persons in Canada, or head of international organization.
  • If criteria met, then must be considered as part of wider client risk assessment
    to determine if client poses high risk for money laundering or terrorist financing.