Feds to launch anti-money laundering task force as part of 2019 budget

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Finance Minister Bill Morneau will table the budget in Parliament on Tuesday, March 19

Justin Trudeau’s Liberal government will unveil in the federal budget on Tuesday a new task force meant to improve money-laundering investigations and increase the likelihood of prosecutions.

The idea is that a coordinated approach will ensure better prosecution. But the details still need to be hammered out, including how the initiative, described as a pilot project, will be managed and how it might roll out across the country. A Postmedia investigation, published in February, found that money-laundering prosecutions were rare and difficult in B.C.

Following the stay in charges, B.C. Attorney-General David Eby declared the inability to prosecute money-laundering cases as a crisis and said there was an urgent need to fix it.

 

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