Canada boosts anti-money laundering watchdog powers as scrutiny heats up: Alana Scotchmer interviewed in Reuters and The Globe and Mail

In recent interviews with Reuters and The Globe and Mail, Alana Scotchmer, a partner in Gowling WLG’s FSxT Group, highlighted new measures outlined in the Fall Economic Statement to strengthen Canada’s anti-money laundering regime, including the announcement of stricter penalties for financial crimes, and considered Ottawa’s motivations for these changes

“The reason for all of these is that Canada is going to be evaluated by the Financial Action Task Force, in addition to recent changes in the U.S. regulatory environment and the evolving risks of financial crime,” she told Reuters.

To view the full articles, click on the links below (subscription may be required):

• Canada proposes more powers for anti money-laundering regulator amid increasing scrutiny (Reuters)
• Ottawa proposes larger financial penalties for anti-money laundering failures (The Globe and Mail)

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