CANADA CRITICISED BY FATF OVER AML EFFORTS, BUT REFORMS ARE NOW BEDDING IN
November 1st, 2008
BY ALAN OSBORN
A MAJOR strengthening of Canada's regulations and programmes fighting money laundering and terrorist financing has taken place in 2008 and will continue into 2009, going a long way towards erasing the worryingly negative impression left by last year's report by the Financial Action Task Force (FATF). That report (its Third Mutual Evaluation) which was actually released in February this year (2008) accepted that Canada had strengthened its overall AML/CFT regime since the previous report in 1997 with the enactment of the Proceeds of Crime (Money ...
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