Ottawa Announces New Partnership With Banks to Curb Drug Trafficking and Money Laundering

Canada's fentanyl czar Kevin Brosseau (R) is seen with Minister of Public Safety David McGuinty during a tour of the Canada Border Services Agency Lansdowne port of entry in Lansdowne, Ont., on Feb. 12, 2025. The Canadian Press/Spencer Colby

Canada’s banks are teaming up with the country’s fentanyl czar and the RCMP to tackle money laundering activities connected to drug trafficking.

Dubbed the Integrated Money Laundering Intelligence Partnership (IMLIP), the goal of the federally launched group is to improve collaboration between law enforcement agencies and financial institutions to address organized crime and money laundering activities, the government said in a Feb. 20 press release.