Dirty money prosecutions fall short despite favourable international review

Canada has struggled to demonstrate robust results against sophisticated financial crime operations even after spending years building up the capacity to do so.

Source: Pexels

Canada’s efforts to combat dirty money secured a favourable international assessment, despite persistent weaknesses in prosecuting professional money launderers and recovering criminal profits.

The Financial Action Task Force’s latest report raises questions about how effectively the country’s extensive financial monitoring system translate…