Canada to create powerful financial crimes agency as US weakens its approach
Canada is establishing a new Financial Crimes Agency to investigate and prosecute financial crimes, following a public inquiry that revealed gaps in its anti-money-laundering efforts. The move contrasts with the current U.S. approach, where federal enforcement has weakened and high-profile pardons have been issued in financial crime cases. Alongside the new agency, Canada will ban cryptocurrency ATMs, which have been exploited for fraud and money laundering.
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High-rise buildings in Toronto, Canada’s financial capital. Anti-corruption groups applauded the plans for a new enforcement agency. Photograph: NurPhoto/Getty ImagesView image in fullscreenHigh-rise buildings in Toronto, Canada’s financial capital. Anti-corruption groups applauded the plans for a new enforcement agency. Photograph: NurPhoto/Getty ImagesCanadaCanada to create powerful financial crimes agency as US weakens its approachCryptocurrency ATMs also face ban, after public inquiry found Canada lacked anti-money-laundering strategyLeyland Cecco in TorontoThu 30 Apr 2026 08.07 EDTLast modified on Thu 30 Apr 2026 08.18 EDTSharePrefer the Guardian on GoogleCanada is to establish a new and powerful law enforcement agency to investigate financial crime, in stark contrast to the US,…
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