A fragmentation problem, finally addressed
For years, critics of Canada’s approach to financial crime enforcement have pointed to the same structural problem: too many agencies, too little coordination. The RCMP, FINTRAC, local police forces, the federal Crown, and provincial Crowns have each played a role, but no single entity has been clearly in charge. Moubayed says this fragmentation is one of the central reasons Canada has historically secured so few prosecutions in serious or complex financial crime matters. The FCA is designed to resolve this by ensuring “there’s one entity that is clearly in charge.”