The Financial Post reports in its Saturday edition that the head of Canada's banking regulator says he is increasing scrutiny of money laundering in the financial sector as risks increase. A Canadian Press dispatch to the Post quotes Peter Routledge, who leads the Office of the Superintendent of Financial Institutions (OSFI), says that the intensity of money-laundering risk is underappreciated and increasing in sophistication with artificial intelligence. Speaking at the TD Securities Financial Services Conference in Toronto, Mr. Routledge said the regulator is also increasing its focus in the area after Parliament amended OSFI's mandate to explicitly include monitoring how well financial institutions protect against threats to their integrity and security. the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC), Canada's financial intelligence agency, has also increased enforcement, including penalties levied against Royal Bank of Canada and Canadian Imperial Bank of Commerce last month for non-compliance with anti-money-laundering and terrorist financing measures. Mr. Routledge says the increased digitization and integration of the global economy have contributed to the rise of the problem.