Request for Information (RFI) – Summary of Feedback and Outcomes Report for the Supervision Modernization Program (SMP)
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The Government of Canada, through the Department of Public Works and Government Services, issued a Request for Information to support the Supervision Modernization Program under FINTRAC, aiming to gather industry insights to improve regulatory oversight frameworks. The RFI, identified by solicitation number WS5627542574 and posted on June 3, 2026, invites stakeholders to share feedback on modernizing supervision processes, with responses due by December 31, 2027. The initiative seeks to understand industry challenges, technological capabilities, and operational considerations to inform future policy and system enhancements within the financial reporting and anti-money laundering compliance landscape. Feedback collected through this RFI will inform high-level strategic decisions and help shape the direction of the Supervision Modernization Program without constituting a binding procurement action. The North American Industry Classification System code 541611 indicates the focus on management consulting services, reflecting the advisory and analytical nature of the requested input. All responses are to be submitted through the designated digital platform, and primary contact for inquiries is Raquel Kim of the Shared Services Portfolio. The place of performance is designated as the National Capital Region, though participation is not geographically restricted, allowing for broad engagement across Canada’s financial compliance sector.
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