Bill Detail
An Act to establish the Financial Crimes Agency and to make consequential amendments to certain Acts and regulations
This enactment establishes the Financial Crimes Agency as a specialized federal law enforcement agency whose mandate is to investigate financial crimes and to contribute to the recovery of proceeds of crime. It also makes consequential amendments to certain Acts and regulations.
Bill C-29 proposes to establish a new federal agency called the Financial Crimes Agency. This agency will be a specialized law enforcement body dedicated to investigating serious financial crimes, including those involving digital assets, money laundering, and activities that threaten Canada's economy or financial system. Its mandate also includes helping to recover money obtained through criminal activities and participating in international efforts to combat financial crime.