No Terrorists in Canada, Part 76
In the first nine months of the fiscal year, Canada’s anti-money laundering center has discovered $35 million in suspected terrorist financing.
The amount reflects the total detected by the Financial Transactions and Reports Analysis Centre from April through December 2003, forming the basis of 29 case files passed to police or intelligence officials for further investigation.
The figures obtained by The Canadian Press are the latest indication that dangerous organizations continue to try to use Canada’s financial institutions as conduits for bankrolling terrorist acts.
Fintrac, as the federal centre is known, identified 25 cases of suspected terrorist financing involving $22 million in all of fiscal 2002-03.
“We’re already ahead of where we were over the full-year period last year,” centre spokesman Peter Lamey said in an interview.
