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Business

Business & Economics

New B.C. law to combat money laundering still not in force two years after being introduced

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Summary
Nutrition label

68% Informative

Money services businesses include currency exchanges and businesses that send money outside of Canada .

There are more than 700 in B.C. , most of them in Metro Vancouver .

A new Money Services Business Act was introduced on March 29, 2023 and later passed.

The details of those regulations are still to be worked out, and no deadline has been set.

VR Score

75

Informative language

77

Neutral language

44

Article tone

semi-formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1