It’s time to strengthen Canada’s anti-money laundering, anti-terrorist financing regime

Filling the gaps in money laundering and terrorist financing legislation is an important policy objective. It is equally important to promote a more efficient and cost-effective compliance regime for dealers and other reporting entities under the legislation and regulations.

Finance Minister Bill Morneau, pictured, in Ottawa. Ian Russell says the IIAC's recommendations are straightforward and have precedent. All the more reason for governments to move expeditiously. The Hill Times photograph by Andrew Meade

Opinion

BY IAN C.W. RUSSELL

April 16, 2018

As part of the five-year statutory review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) the Department of Finance has put forward suggested reforms and the House of Commons Standing Committee on Finance has engaged in a full assessment of the legislation and its r...

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