Budget 2023: Liberals add foreign interference office, new money-laundering rules
OTTAWA — Prime Minister Justin Trudeau's Liberal government plans to launch a National Counter-Foreign Interference Office, amid ongoing scrutiny of allegations that Beijing interfered in recent federal elections.
The budget document says the new office will be created within the Department of Public Safety, but it does not include a timeline for its launch. The Office of the Superintendent of Financial Institutions would also be given the powers to take control of a bank"where there are national security risks."
The proposed legislative changes would enact whistleblower protections and crack down on people who avoid reporting requirements by using a series of small transactions. The Liberal government also says it aims to update the public this fall on whether Fintrac should be tasked with countering sanctions evasion.
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