Canada's anti-money laundering agency struggles to implement

Canada's anti-money laundering agency struggles to implement reforms as employees work from home


Canada’s anti-money laundering agency struggles to implement reforms as employees work from home
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The federal agency responsible for tracking and preventing money laundering and terrorist financing has struggled adapting to remote work, which has affected its compliance operations and delayed the implementation of amendments to anti-money laundering regulations.
Internal documents from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) obtained through freedom of information legislation paint a picture of substantial disruption at the agency, especially in the first few months of the pandemic, when hundreds of employees were abruptly forced to work from home.

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