Recent federal report stated FinTRAC is overseeing too many businesses to effectively monitor their compliance with financial-crime laws
Ottawa plans to shift oversight of banks’ anti-money-laundering efforts from FinTRAC to OSFI
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The Globe and Mail - BusinessBy Alexandra Posadzki
EXECUTIVE SUMMARY
Recent federal report stated FinTRAC is overseeing too many businesses to effectively monitor their compliance with financial-crime laws
Key Takeaways
- Ottawa plans to shift oversight of banks’ anti-money-laundering efforts from FinTRAC to OSFI.
- Recent federal report stated FinTRAC is overseeing too many businesses to effectively monitor their compliance with financial-crime laws
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Published originally on The Globe and Mail - Business
