In banking, the laundering risk is at the door. In life insurance, it is in the layers: laundering happens deeper in the policy lifecycle, through cash-value products, top-ups, third-party payments and early surrenders. The regulatory framework around that risk has just been rewritten more thoroughly than at any point since the PCMLTFA was enacted: Bill C-2 multiplied AMP ceilings by forty, a new Financial Crimes Agency will replace the RCMP as lead investigator, and the FATF Mutual Evaluation lands in June. This session walks through the schemes that matter, the obligations that have shifted, the red flags examiners are prioritizing, and where the next wave of enforcement will land.