Financial crimes are a significant threat to the safety, security and quality of life of Canadians. Organized crime relies on laundered proceeds to support their illegal activities, which harm people and communities and put the integrity of our financial system and economy at risk.
Today marks the conclusion of the Financial Crime Coordination Centre (FC3)'s second annual Spin Cycle conference. The event brought together more than 1,000 investigators, prosecutors and other experts from across Canada to discuss emerging issues, best practices and innovative solutions. The week-long event supports the Government's efforts to strengthen the Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Regime, through improved inter-agency collaboration and capacity building.
This year's agenda was informed by the AML community. Eighteen presentations from domestic and international experts covered topics like asset recovery, information sharing, the upcoming Parliamentary Review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the new Canada Financial Crimes Agency (CFCA), announced in Budget 2022. FC3 was also pleased to welcome Brock Martland, Senior Commission Counsel of the Cullen Commission of Inquiry into Money Laundering in British Columbia to deliver the keynote address. His remarks highlighted the Commission's key findings and its implications.
Working closely with law enforcement and other domestic and international partners, the Government of Canada is strengthening our country's response to money laundering and other types of financial crime.
