The Globe and Mail reports in its Thursday edition that the federal government is aiming to overhaul Canada's financial-crime laws, including new restrictions on large cash transactions to curb money laundering. The Globe's Alexandra Posadzki and Stefanie Marotta write that the border security bill tabled Tuesday by Prime Minister Mark Carney's Liberal government includes a number of measures intended to disrupt the flow of money from illicit activities through the financial system. The changes are the latest in a string of announcements from Ottawa aimed at reinforcing border measures with the United States. Among the measures is a ban on businesses other than financial institutions accepting cash payments of $10,000 or more. The new legislation also introduces significant increases to the fines that companies can face for failures in their anti-money-laundering (AML) control. Canada's new legislation also increases penalties for businesses that violate anti-money-laundering laws. The maximum penalty for a violation would be $4-million if committed by a person and $20-million if committed by an entity. In the past 18 months, federal watchdog FinTRAC has fined TD Bank, CIBC and RBC for anti-money-laundering failings.