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Advocate Daily quotes Norm Keith in article on FINTRAC’s scope and reach

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“Anti-money laundering watchdog underfunded, over-extended” by Advocate Daily

Advocate Daily quotes Toronto lawyer Norm Keith in an article on anti-money laundering enforcement among fintech startups and established FIs and FINTRAC’S role in the monitoring and enforcement of anti-money laundering rules.

Musings from Canada's anti-money laundering watchdog that it’s assessing financial technology startups for vulnerability belie the reality that the agency is already over-stretched and under-resourced, says Toronto regulatory, employment and white collar investigations and defence lawyer Norm Keith.

Keith, a partner with Fasken Martineau and part of the firm’s White Collar Defence and Investigations group, says recent comments by Gerald Cossette, director of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), around the need to police emerging fintech technologies bring into question whether the agency should get its own house in order first?