CANADA LACKS SURVEILLANCE ON FINANCIAL CRIMES

Canadian Financial Intelligence Agency, Fintrac, Faces System Disconnection
Canadian financial intelligence agency Fintrac announced the disconnection of its corporate systems. The details of the incident have not been disclosed, but Fintrac is actively working with Canadian federal services, including the Canadian Center for Cyber Security (CCCS), to resolve the issue and enhance information protection.
Fintrac Ottawa was established to combat money laundering and financial crimes. The agency plays a crucial role in Canadian national security by analyzing suspicious financial transactions linked to terrorism financing and collaborating with intelligence and law enforcement agencies.
It remains unclear whether the incident was financially motivated or aimed at accessing Fintrac’s intelligence. However, Fintrac assures that the attack did not compromise reconnaissance or confidential systems.
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