Archived - Part 3 – Various Measures: Division 13

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Proceeds of Crime (Money Laundering) and Terrorist Financing Act

The amendments will clarify the application of existing provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) pertaining to the compliance powers of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

In particular, the amendments clarify that nothing in the Act requires legal counsel to disclose any information protected by solicitor-client privilege. They also clarify that information disclosed by FINTRAC to law enforcement that FINTRAC suspects is evidence of a contravention of Part 1 of the Act may be used by law enforcement only for purposes relating to such a contravention.

These amendments will align the provisions of the PCMLTFA with the Government’s stated policy intent and provide certainty regarding FINTRAC’s access to and use of information as part of its regulatory authority.

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