Three months after Canada’s anti-money laundering watchdog Financial Transactions and Reports Analysis Centre of Canada (Fintrac) was hit by a cyber attack, a critical system used by the national financial intelligence agency remains offline.
03:48 | June 6, 202404:29 | June 5, 202401:31 | 12 hours ago03:26 | June 6, 202403:41 | June 4, 2024Three months after Canada’s anti- money laundering watchdog Financial Transactions and Reports Analysis Centre of Canada was hit by a cyber attack , a critical system used by the national financial intelligence agency remains offline. Experts say the outage leaves Canada with a major blindspot to identifying terrorist financing and other serious crimes.
Carolyn Jarvis reports.Three months after Canada’s anti-money laundering watchdog Financial Transactions and Reports Analysis Centre of Canada was hit by a cyber attack, a critical system used by the national financial intelligence agency remains offline. Experts say the outage leaves Canada with a major blindspot to identifying terrorist financing and other serious crimes. While Fintrac says it’s found a workaround for most submissions, critics argue the gap is still significant.
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