Terror fight fuels financial disclosures

OTTAWA — Efforts by Canada’s anti-money laundering agency to pinpoint illicit dealings of the Islamic State of Iraq and the Levant and other extremist organizations helped spark an increase in intelligence disclosures to police and spies last year.

The Ottawa-based Financial Transactions and Reports Analysis Centre of Canada, known as Fintrac, passed along 483 pieces of intelligence related to terrorist financing in 2015-16, a 43 per cent increase over the previous year.