Canada

Canada’s new Financial Crimes Agency will have its work cut out for it amid growing cases of fraud and scams, experts say. Prime Minister Mark Carney’s government proposed the creation of the FCA in their Spring Economic Update on Tuesday, making good on a 2021 Liberal campaign promise to create a dedicated policing agency to investigate issues such as money laundering, fraud, insider trading and organized crime.Financial crimes are a significant issue. The Expert Panel on Money Laundering in British Columbia (B.C.) Real Estate in 2019 estimated that money laundering alone consistently amounted to about two per cent of Canada’s…

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