Over that past few years, there has been an increasing focus on public and private sector partnerships (PPPs) when tackling financial crime. In Canada, there has been much success through various projects and initiatives, such as Project Protect and Project Guardian. While the benefits of such partnerships are evident, there are challenges in both public and private sector partnerships. Since the Federal budget was released in 2019, there have been many initiatives to modernize Canada’s AML/ATF framework and strengthen data resources, financial intelligence and information sharing to identify and meet evolving threats. One key initiative has been the creation of the Anti-Money Laundering Action, Coordination and Enforcement (ACE) Team within Public Safety Canada.
Carrie Hagerman from ACE will provide background on the ACE Team and their function as it improves the future of PPPs. Lepa Jankovic from the RCMP will provide insights into some of the current challenges law enforcement face with public-private partnerships and how the use of synthetic identity can be used to assist in investigations.