Anti–corruption advocate James Cohen says Canada’s reputation has for years been “hammered” over its weak record of prosecuting financial crimes.
But now the executive director of Transparency International Canada is hopeful there’s political will to tackle the problem, and that the establishment of the Canada Financial Crime Agency will finally start “scaring the bad guys.”
Cohen’s group released a white paper this week about the Trudeau government’s plan to create the agency, outlined in the latest federal budget, to tackle financial crime across the country.
He’s cautiously optimistic, but his organization also warns that the feds may be missing an opportunity to tackle corruption and securities fraud by focusing solely on money laundering….