Canada to create powerful financial crimes agency as US weakens its approach

Cryptocurrency ATMs also face ban, after public inquiry found Canada lacked anti-money-laundering strategy Canada is to establish a new and powerful law enforcement agency to investigate financial crime, in stark contrast to the US, where weakened federal investigators have struggled to pursue fraudsters and the White House has pardoned convicted money launderers . A bill to create the Financial Crimes Agency (FCA) completed its first reading in parliament earlier this week. The legislation was