Financial intelligence agency slow to provide police with info to curb money laundering: AG

The federal auditor general's report highlights that the Financial Transactions and Reports Analysis Centre of Canada is hampered by inadequate tools and delays in sharing crucial financial intelligence, which hinders its effectiveness in curbing money laundering. This sluggish response not only limits the agency's ability to act but also raises concerns about the broader implications for national security and economic stability. The report underscores the need for urgent improvements to ensure timely and accurate intelligence sharing to combat financial crimes.