Department of Finance Canada announced the first working meeting of the Integrated Money Laundering Intelligence Partnership.
The partnership focuses on fentanyl trafficking and other criminal uses of funds. Membership includes RCMP Federal Policing officials and chief anti-money-laundering officers from major Canadian financial institutions.
Finance Canada said participation does not require disclosure of personal information by participants and does not change legal or regulatory obligations under anti-money-laundering, terrorist-financing, or privacy laws.
The announcement followed a February 4 directive on transnational crime and border security supported by $200 million in funding.
The partnership also builds on federal investments of more than $379 million to improve Canada's anti-money-laundering and anti-terrorist-financing regime.
Finance Canada linked the work to Canada's 2025 G7 Presidency, saying Canada intended to highlight illicit-finance threats and propose a G7 call to action on criminal activity affecting the financial sector and national security.
The article belongs in policy because it concerns financial intelligence, reporting institutions, and enforcement capacity. It does not change personal tax rules, but it can affect the compliance environment for financial institutions and other reporting entities.