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Fintrac still offline 3 months after cyberattack, leaves blindspot to identifying financial crime

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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.

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. Global’s Carolyn Jarvis reports.

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Category
U.S. & Canada
Tags
global news, fintrac, Fintrac
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