Trump’s designation of fentanyl as a ‘weapon of mass destruction’ hangs over Canadian banks

U.S. President Donald Trump’s executive order designating fentanyl as a “weapon of mass destruction” is hanging over Canadian banks like the sword of Damocles. This isn’t just the opinion of a newspaper columnist. It is the conviction of anti-money-laundering experts who warn that Canada’s lenders will face punishing regulatory and legal consequences if they fail to detect illicit financial flows related to the opioid drug and its precursor chemicals. There is no point debating whether Mr. Trump has inaccurately characterized Canada as a major source of fentanyl entering the U.S. The fact is, Washington now considers fentanyl a threat to…