QSA's Week in Finance (#7, 2025)
New intelligence sharing partnership launched; Canada to issue third green bond; Quebec receives federal support for impact businesses; Seven transnational organizations listed as terrorist entities; Monthly credit aggregates rise.
Start Date: 2025-02-15
End Date: 2025-02-21
Top Headlines
Main Stories
Canada Launches Integrated Money Laundering Intelligence Partnership
On February 20, 2025, in Toronto, the Government of Canada launched the Integrated Money Laundering Intelligence Partnership (IMLIP). The initiative aims to facilitate intelligence sharing between law enforcement and major Canadian banks to combat money laundering and organized crime, particularly related to fentanyl trafficking. Kevin Brosseau, Canada's newly appointed Commissioner for the Fight Against Fentanyl, led the inaugural meeting. This partnership, initially announced in the 2024 Fall Economic Statement, seeks to enhance the understanding of money laundering threats facing Canada. Participation does not require disclosure of personal information and complies with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Sources: Announcements: www.canada.ca
Canada to Issue Third Green Bond
The Government of Canada announced plans on February 18, 2025, to issue its third Canadian-dollar-denominated green bond, subject to market conditions. This follows a successful $4 billion issuance in February 2024 and an additional $2 billion in October 2024. The issuance aims to meet targets set in Budget 2024 and includes nuclear expenditures as part of Canada's commitment to clean energy. The green bond program supports sustainable finance market growth and investments in clean growth, renewable energy, and climate action.
Sources: Announcements: www.canada.ca
