FINTRAC updated its compliance guidance on financial transactions involving jurisdictions identified by FATF on 2026-03-02. For transactions related to DPRK and Iran, reporting entities must conduct identity verification and customer due diligence and retain records; transactions related to Iran must also all be reported to FINTRAC. For transactions related to Myanmar, entities must assess their obligations to file suspicious transaction reports and conduct enhanced due diligence. The guidance also lists the 22 jurisdictions on FATF’s list of jurisdictions under increased monitoring, with no jurisdictions removed from the list.
推荐理由：The material consolidates the identification, due diligence, record-keeping, and reporting obligations applicable to Canadian reporting entities in connection with transactions involving DPRK, Iran, Myanmar, and jurisdictions under increased monitoring, making it easier to compare against compliance processes.
Checkout.com achieved 40% overall net revenue growth in 2024, while its Commerce and Fintech business grew 45%, and ended the year profitably; the company expects to be profitable for the full year in 2025.
推荐理由：This annual letter puts Checkout.com's growth, profitability, global acquiring expansion, and product metrics in the same framework, making it easier to observe the company's business progress from payment performance to treasury management.
CFPB amended the remittance business consent order with Wise, requiring it to continue compensating affected consumers and reducing the penalty from the originally set $2.025 million to approximately $45,000. The case previously involved Wise misrepresenting ATM fees, insufficiently disclosing exchange rates and other costs, and failing to refund fees for remittances delayed in delivery within the legally mandated time limit; the original order also required it to pay approximately $450,000 to consumers, involving at least 16,000 consumers who were overcharged.
推荐理由：The amended order both preserves consumer relief and adjusts the penalty amount, illustrating CFPB’s specific requirements regarding remittance fee disclosures, refund deadlines, and enforcement actions.