Final answer:
The purpose of the PCMLTFA is to prevent illegal financial activities and financing of terrorism, which includes monitoring and regulating cryptocurrency trading to combat financial crimes.
Step-by-step explanation:
The purpose of the Proceeds of Crime (money laundering) and Terrorist Financing Act (PCMLTFA) is primarily focused on preventing illegal financial activities and financing terrorism. This legislation aims at detecting and deterring money laundering and the financing of terrorist activities. It also seeks to facilitate the investigation and prosecution of money laundering and terrorist financing offenses. While the Act does impact the regulation of cryptocurrency trading, by imposing obligations on financial institutions and other entities to monitor and report certain types of transactions, this is a part of its broader objective to combat financial crimes. The Act does not directly promote international trade agreements or encourage foreign investment opportunities, although creating a robust financial regulatory environment could indirectly contribute to a stable economic climate that may enhance investment.