The Globe and Mail reports in its Friday edition that Ottawa conveyed this week that money laundering, terrorist financing and evasion of sanctions are "real threats" that harm the "integrity of our financial system and have real costs for the Canadian economy." The Globe's Rita Trichur writes that the fall economic statement failed to take decisive action to solve these problems. Ottawa also missed a self-imposed deadline to unveil plans for a new enforcement agency that would combat financial crime. Ottawa has failed to show leadership on this issue. Sure, it offered incremental details about future plans, including new reporting requirements for title insurers and real estate representatives, along with enhanced powers for the Canada Border Services Agency to disrupt trade-based financial crime. Those are important issues, to be sure. The government, however, neglected to hold itself accountable by specifying timelines to achieve those goals and to close loopholes in the Criminal Code and the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It failed to keep a mere months-old promise to provide details about the structure and mandate of the forthcoming Canada Financial Crimes Agency.