http://calsun.canoe.ca/News/National/2006/10/06/1963494-sun.html

TERROR FIGHT HITS NATION'S BANKS






 

OTTAWA -- The federal government wants to broaden the legal net designed to
catch money launderers and terrorist funds passing through Canadian
institutions. 

Finance Minister Jim Flaherty introduced amendments to the Proceeds of Crime
and Terrorist Financing Act yesterday that would put new reporting rules on
banks, lawyers, wire transfer services and other financial institutions. 

It will also bring in new penalties for those who don't comply with the law.


The proposed amendments come a day after Canada's financial intelligence
agency, the Financial Transactions and Reports Analysis Centre, revealed
that it flagged more than $5 billion in suspicious transactions last year.
That figure includes $256 million in suspected terrorist-activity funding. 



[Non-text portions of this message have been removed]



--------------------------
Want to discuss this topic?  Head on over to our discussion list, [EMAIL 
PROTECTED]
--------------------------
Brooks Isoldi, editor
[EMAIL PROTECTED]

http://www.intellnet.org

  Post message: [email protected]
  Subscribe:    [EMAIL PROTECTED]
  Unsubscribe:  [EMAIL PROTECTED]


*** FAIR USE NOTICE. This message contains copyrighted material whose use has 
not been specifically authorized by the copyright owner. OSINT, as a part of 
The Intelligence Network, is making it available without profit to OSINT 
YahooGroups members who have expressed a prior interest in receiving the 
included information in their efforts to advance the understanding of 
intelligence and law enforcement organizations, their activities, methods, 
techniques, human rights, civil liberties, social justice and other 
intelligence related issues, for non-profit research and educational purposes 
only. We believe that this constitutes a 'fair use' of the copyrighted material 
as provided for in section 107 of the U.S. Copyright Law. If you wish to use 
this copyrighted material for purposes of your own that go beyond 'fair use,' 
you must obtain permission from the copyright owner.
For more information go to:
http://www.law.cornell.edu/uscode/17/107.shtml 
Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/osint/

<*> Your email settings:
    Individual Email | Traditional

<*> To change settings online go to:
    http://groups.yahoo.com/group/osint/join
    (Yahoo! ID required)

<*> To change settings via email:
    mailto:[EMAIL PROTECTED] 
    mailto:[EMAIL PROTECTED]

<*> To unsubscribe from this group, send an email to:
    [EMAIL PROTECTED]

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/
 


Reply via email to