Bill C‑42 provides an additional tool to the agencies responsible for enforcing the act in order to combat money laundering and the financing of terrorism. It's not a miracle solution, but it is a tool that helps obtain information and that's another means to ensure that business corporations are required to provide information. Then it's possible to combine that information with other intelligence to combat money laundering and terrorism financing.
On June 5th, 2023. See this statement in context.