An Act to establish the Financial Crimes Agency and to make consequential amendments to certain Acts and regulations
Creates a standalone Financial Crimes Agency at the federal level, consolidating money-laundering, terrorist-financing, and large-scale fraud enforcement that today sits across FINTRAC, the RCMP, and CRA. Follows recommendations from the 2022 Cullen Commission report on BC money-laundering and the 2024 Standing Committee on Finance review.
Status
Quick learn
Sets up a new federal agency to investigate and prosecute money-laundering, terrorist financing, and large-scale fraud. Pulls together work that today is split across FINTRAC, the RCMP, and the CRA. Followed up on the Cullen Commission's BC money-laundering report.
Issues this bill touches
- Crime & Public Safety
Creates a new federal Financial Crimes Agency focused on money laundering, sanctions evasion, and proceeds of crime.
Legislative history
- Introduced
Tabled in the originating chamber by the sponsor.
View source - First reading
First reading in the House of Commons.
View source - In committee
Reviewed clause by clause by a standing committee; amendments possible.
View source
Sponsored by
François-Philippe ChampagneLIBERALOfficial source
Read full text on Parliament of Canada