Canada’s 2023 fall economic statement (FES) issued by the federal government includes several changes to strengthen the country’s anti-money laundering and counter financing of terrorism (AML/CFT) regime.

Changes include a proposal to create a trade transparency unit (TTU) under Canada’s border services agency to detect, deter, and disrupt trade-based financial crime (TBFC), and measures to combat sanctions evasion and environmental crimes.

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