Featured Canada

Canada’s money-laundering monitor now triaging reporting process by COVID-19-hit businesses

While crooks and terrorists are as susceptible to COVID-19 as other mortals, underworld cash always seems immune, so Canada’s money-laundering monitor has begun triaging financial transaction reports during the pandemic. Staffing shortages and business disruption forced by the coronavirus prompted the Financial Transactions and Reports Analysis Centre of Canada, known… Read More

London bank accounts that could hold key to dead crypto tycoon’s lost millions

A suspicious death and a frantic race to prevent a body decomposing. A missing £140m. And, in London, frozen HSBC accounts which could solve a year-long, complex mystery that has captivated the internet and ruined thousands. Welcome to the Quadriga affair, a grim, global treasure-hunt whose clues have surfaced in… Read More

BMO Harris Must Faces $3.5 Billion Trial Over Ponzi Scheme

BMO Harris Bank, a unit of Bank of Montreal, must face billions of dollars in investor claims tied to a massive Ponzi scheme run by former client Tom Petters, a judge ruled. A request by BMO Harris to have the case thrown out before trial was rejected Friday… Read More
3rd March 2020
An internal report from Canada’s anti-money laundering watchdog found nearly half of the real estate companies audited weren’t complying with key areas of the country’s anti-money laundering regime and experts warn these “serious gaps” can hurt criminal investigations. The report prepared by the Financial Transactions and Reports Analysis Centre… Read More
3rd March 2020
China’s Huawei Technologies, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. Two Huawei packing lists, dated December 2010, included computer equipment made by Hewlett-Packard… Read More
2nd March 2020
By Nicholas Wells OCCRP — Money laundering heightened a drug overdose crisis, led to skyrocketing real estate prices and distorted the economy of the Canadian province of British Columbia, officials told a public hearing earlier this week. But who was to blame was debated over the course of the… Read More
26th February 2020
A lawyer for a gaming expert says limiting the amount of cash flowing through casinos is the only way to stop money laundering at the facilities in British Columbia. Christine Mainville told a public inquiry Tuesday that money is not being laundered through casinos in any traditional sense and it… Read More
18th February 2020
The man who spearheaded the United States’ Magnitsky Act – targeting sanctions against human rights violators around the world – has told Australia it risks becoming “a magnet for dirty money” from abusers and kleptocrats across the globe unless it brings in similar legislation. US financier Bill Browder, who championed… Read More
11th February 2020
After fighting the CBC for nine years over the release of money laundering records, the B.C. Lottery Corporation is finally relenting. After three trips to court, a full hearing before B.C.’s information and privacy commission, and another hearing coming up, the lottery corporation now plans to go to court to get… Read More
31st January 2020
By Robert Diab, Thompson Rivers University People have long been drawn to Vancouver’s idyllic coastal mountain setting. The region’s strong civil liberties and stable economy convince many of them to stay, and Vancouver has thrived with its diverse set of residents. But the city has also become a… Read More
30th January 2020
On January 23, 2020, the Internal Revenue Service published a news release titled “Global tax chiefs undertake unprecedented multi-country day of action to tackle international tax evasion.” The announcement highlighted a coordinated effort across the United Kingdom, United States, Canada, Australia and the Netherlands to combat money laundering and… Read More
30th January 2020
As British Columbia’s government rolled out new laws aimed at cracking down on massive, questionable transactions flowing through casinos on Canada’s West Coast, the number of suspicious cash investigations in Ontario’s casinos more than doubled in 2018, a Global News investigation has found. Experts fear the international drug cartels… Read More
28th January 2020
HM Revenue & Customs has helped uncover £200m worth of suspected tax evasion and money laundering in the UK. The action — which occurred as part of a series of investigations in Australia, Canada, the Netherlands, the US and the UK — is centred around a Central American financial institution… Read More