• S-8 (45-1) - Combatting Financial Crimes and Drug Trafficking Act

  Source: Parliament of Canada (LEGISinfo)
  Date: 2026-11-03 00:00:00.0
  Tags: [National, Justice, Public Safety, Finance, Governance]

  Bill S-8, titled the Combatting Financial Crimes and Drug Trafficking Act, was introduced and read for the first time in the Senate on November 3, 2026, by Senator Pierre Moreau. Sponsored as a Senate Government Bill during the 45th Parliament, 1st Session, the legislation addresses measures related to the proceeds of crime, terrorist financing, sanctions evasion, and the detection of non-mailable matter transmitted by post. The bill is currently at second reading in the Senate.

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• Financial intelligence agency slow to provide police with info to curb money laundering: AG

  Source: CBC Politics
  Date: 2026-10-29 14:19:17.0
  Tags: [National, Finance, Public Safety, Justice, Governance]

  A federal auditor general report tabled in the House of Commons reveals that the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) takes an average of about four months to provide financial intelligence to law enforcement agencies. Half of the surveyed police and law enforcement respondents reported receiving FINTRAC intelligence too late to be useful for freezing assets, intercepting transactions, or apprehending suspects. The auditor general concluded that inadequate tools and processing delays hinder FINTRAC from effectively carrying out its mandate to detect and deter money laundering and terrorist financing.

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