Ottawa’s secret report on money-laundering points finger at Canada’s banks

A confidential annual report — described as “not meant for public release” — was delivered to Finance Minister Bill Morneau weeks earlier. That report looks at Fintrac’s probes of nine banks in 2016-2017.

The Sept. 30 document, obtained by CBC News under the Access to Information Act, found “significant” problems at six of the nine banks — including problems in providing Fintrac with suspicious transaction reports, or STRs.

Canada has long been known as soft touch when it comes to terrorist financing.