Canada Dashboard Digest

Call for Scrutiny of Electronic Transfers Raises Concerns

FINANCIAL PRIVACY

November 16, 2012

The Canadian Press reports on the Strategic Alliance Group, which includes law enforcement officials from Canada, the U.S., UK, Australia and New Zealand; its considerations of “greater intelligence-sharing as a means of combating transnational organized crime,” and the privacy questions expressed by Privacy Commissioner Jennifer Stoddart. Stoddart’s concerns include giving “the federal anti-money laundering agency broader powers to scrutinize electronic funds transfers,” the report states, as “that would mean examining large numbers of harmless transactions—such as money transferred by parents to children studying abroad.”
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