The Globe and Mail reports in its Wednesday edition that in the wake of FinTRAC's record $7.47-million penalty to Royal Bank of Canada for violations of the Proceeds of Crime and Terrorist Financing Act, experts in anti-money-laundering law say FinTRAC is keen to show it is active and getting results. The Globe's Jameson Berkow writes that Peter Aziz at Torys LLP, who specializes in financial institutions regulatory law, said a coming evaluation of Canada by the Financial Action Task Force is part of the reason FinTRAC is becoming more active. The task force is a global money-laundering and terrorist financing watchdog group based in Paris, with 39 member countries, including Canada. Member countries have the effectiveness of their anti-money-laundering policies assessed by the task force every five years. Canada's next evaluation is tentatively scheduled for December, 2025. In its 2021 review, the task force found that Canada had made progress since its 2016 assessment, but that the country remained only partly compliant with five of the task force's 40 recommendations, and non-compliant with one of them. During the 2021 federal election, the Liberals pledged to bolster its efforts to combat money laundering.