The Canadian government has introduced legislation to establish the Financial Crimes Agency (FCA), a specialized law enforcement body designed to investigate and prosecute money laundering and fraud.

This move follows a public inquiry that highlighted Canada’s lack of a cohesive strategy against illicit financing, News.Az reports, citing The Guardian.

Unlike the existing intelligence unit, Fintrac, which only reports on suspicious activities, the FCA will have the mandate to arrest and prosecute criminals—filling a gap left by the Royal Canadian Mounted Police (RCMP), which experts say has struggled with a lack of resources and expertise in complex financial cases.

In a…