Securities regulator to share more information with moneylaundering watchdog

VANCOUVER — Canada’s securities regulator says it will share more information with the country’s financial intelligence unit to better protect against money laundering and terrorist financing.The Investment Industry Regulatory Organization of Canada, the national self-regulatory body that oversees all investment dealers and their trading in debt and equity markets, announced the deal Thursday.The organization says in a news release that it has signed a memorandum of understanding with the Financial Transactions and Reports Analysis Centre of Canada, also known as Fintrac.Under the agreement, the two organizations will share with each other the anti-money laundering related findings from their audits and examinations of investment firms.The release says the two organizations will also maintain close, timely and ongoing communications about any activities that may impact the other in their pursuits to protect Canadian investors.Two reports on money laundering released by the British Columbia government this month raised alarm about Fintrac’s ability to gather and share information on criminals washing dirty money in Canada.The Canadian Press read more

Brantford police concerned for missing mans wellbeing

Brantford police are asking for the public’s help in locating a missing 29-year-old man.Police say Dwayne Kyle Webb was last seen on Tuesday near West and Henry street around 9 p.m.He was wearing a black windbreaker style jacket, pants, a t-shirt but was not wearing any shoes or socks.Police are concerned for Webb’s well-being as he is not dressed appropriately for the current weather conditions.Webb is described as six-foot tall, 185 lbs with a medium build, brown eyes, black hair and some facial hair.Anyone with information is asked to contact the Brantford Police Service at 519-756-7050. read more