The Globe and Mail reports in its Friday edition that the federal government recently released the 2025 Assessment of Money Laundering and Terrorist Financing Risks in Canada, aimed at guiding businesses, including banks, with mandatory reporting obligations. The Globe's Rita Trichur writes that this report, only the third of its kind in the past decade, is crucial for companies to update their strategies to combat financial crimes that threaten Canada's economy. Released on Aug. 22 with minimal announcement, the subdued approach suggests the government prefers to downplay Canada's slow progress in providing timely guidance to the private sector. Many of our allies, including the United States, Britain and Australia, publish national risk assessments more frequently and provide more substantive guidance with each iteration. The U.S., for instance, has provided four updates to its national risk assessments since 2015. Canada's updated national risk assessment is a prerequisite for the Financial Action Task Force's impending review of our country's anti-money-laundering and anti-terrorist-financing regime. Trouble is, the document provides thin gruel for businesses and provides little evidence of criminal convictions.