ACFCS on 22nd March reported that the Canadian Budget includes proposals to create “Team TBML”, a multi-disciplinary Trade Fraud and Trade-Based Money Laundering Centre of Expertise, which will complement the efforts of the Action, Coordination and Enforcement (ACE) Team.  This will strengthen capacity at FINTRAC to target these growing threats.  The Budget proposes to invest $28.6 million over 4 years, beginning in 2020–21, with $10.5 million per year ongoing to create the multi-disciplinary Centre of Expertise.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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