Archived - Part 3 – Various Measures: Division 13
Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.
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.