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INSIGHT: $10,000 cash restrictions and crypto ATM crackdown — key points from new Canada financial crime bill

INSIGHT: $10,000 cash restrictions and crypto ATM crackdown — key points from new Canada financial crime bill

By PAUL O’DONOGHUE, Senior Correspondent

CANADA has brought forward legislation to significantly tighten its anti-financial crime rules, including restrictions on large cash transactions and a crackdown on unlicensed crypto ATMs.

Bill S-8, the Combatting Financial Crimes and Drug Trafficking Act, proposes five measures to tackle money laundering, terrorist financing, fraud and organised crime.

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