Anti-Corruption Law Program: Financial Crime Law Enforcement in Canada

The Anti-Corruption Law Program (ACLP) continues its series of monthly webinars in 2021 that feature industry experts who share ideas and insight with their peers to help public and private sector policy makers combat corruption more effectively.
Our group of distinguished panelists discuss the successes, failures and challenges surrounding the enforcement of financial crime - related laws in Canada.
The Liberal Party of Canada, which was elected in September as Canada’s new federal government, included in its platform a commitment to establish “Canada’s first nation-wide agency to investigate financial crimes, including insider trading, organized crime, and money laundering”. What should this Agency look like and what are the constitutional and practical issues to be resolved before it can be established?
Selected Discussion Topics:
- What is the rationale for the Canada Financial Crime Agency and what would it do differently?
- What are the gaps in the current enforcement infrastructure and how might a new Agency address these?
- What should be the scope of the mandate of the proposed Agency?
- What impact does the current scope of federal/provincial authority have on the viability of the proposed Canada Financial Crime Agency?
- What roles would the RCMP, provincial police, municipal police and securities commissions play in addressing financial crime alongside the proposed Canada Financial Crime Agency?
- What lessons are to be learned from successful approaches in integrated law enforcement of financial crimes in other countries such as the United States, the United Kingdom, Switzerland and France?
- Quebec and Ontario have established new integrated investigation and prosecution agencies to address financial crimes. How do these two agencies function and what are their successes and limitations?
- What tools and resources should the proposed Canada Financial Crime Agency require?
- What role might the private sector play in supporting the work of a National Agency in tackling financial crime?
Panelists:
Anthony Cole, Partner, Dentons LLP, Calgary, AB and London, UK
Peter German, Peter German & Associates Inc., Vancouver, BC
Mary Inman, Partner and Head of International Whistleblower Practice, Constantine Cannon LLP, London, UK and San Francisco, CA
Jennifer Quaid, Associate Professor, Faculty of Law, University of Ottawa, Ottawa, ON
Panel Moderator: Peter Dent, President, Deloitte Forensic, Vancouver, BC
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