Minister of Finance François-Philippe Champagne declared early last week that “fraud and money laundering are serious crimes that harm Canadians.” He went on to say that the federal government is “taking bold action against these threats” by introducing tougher anti-financial crime legislation, Bill S-8.
Mr. Champagne is accountable for the Financial Transactions and Reports Analysis Centre of Canada, or FinTRAC, the country’s financial intelligence unit that helps enforce anti-money laundering and financial crime laws across thousands of businesses, including Canada’s chartered banks.
Carney has a lot of friends.
