Most of the extensive amendments to Canada's anti-money laundering (AML) regulations that come into force on 1 June will not be enforced until April 2022, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has announced, in an acknowledgement that the amendments' wide scope may create difficulties for reporting entities. Until 1 April, FINTRAC will limit itself to assessing institutions' compliance with the existing regime and will 'exercise flexibility and reasonability' when assessing compliance with the amended rules. However, FINTRAC says it expects full compliance with large virtual currency transaction reporting requirements and electronic funds transfer reporting requirements beginning on 1 June...