Featured Canada

B.C. disbanded RCMP unit after report warned possible crime figure bought stake in casino

A businessman “connected to Asian organized crime” was allowed by a British Columbia government employee to buy part of a B.C. Lottery Corp. casino, according to a confidential RCMP report obtained by Global News. And the government employee was later hired in a B.C. casino. The explosive accusation is… Read More

British Columbian money laundering inquiry set to begin February

A commission charged with looking into British Columbia’s money laundering problem has confirmed the dates for its public hearings. In an email Thursday, the Cullen Commission of Inquiry into Money Laundering in British Columbia said it will begin hearing opening statements from stakeholders — participants granted formal standing at the hearings —… Read More

Anti-money-laundering course mandatory for B.C. real estate agents and property managers

The regulatory agency for B.C.’s real estate professionals is launching a mandatory anti-money-laundering course to show real estate agents and strata and property managers how to recognize red flags and what steps they’re obligated to take to report suspected cases. The course will provide “the information you need to understand… Read More
1st January 2020
The B.C. government is slowly implementing changes to combat money laundering and the federal government is moving even more slowly. Money laundering has been a hot-button issue in B.C., with far-reaching implications for the economy and trust in institutions, but has also gained attention nationally. By next spring, the B.C. Read More
31st December 2019
The recent proclamation in The Star that, “In Canada, nearly all accused money launderers get their charges dropped”, didn’t surprise me in the least. I’ve had the privilege of interacting with hundreds of Canadian law enforcement officers and prosecutors who specialize in the prosecution of mafia bosses and money… Read More
30th December 2019
A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender. The writ, which was filed on Friday in the District Court… Read More
27th December 2019
White-collar criminals have little to fear from the Canadian judicial system, in which nearly all money laundering charges get thrown out before trial, according to statistics obtained by the Star. Eighty-six per cent of charges for laundering the proceeds of crime laid between 2012 and 2017 were withdrawn or stayed,… Read More
20th December 2019
Five men are facing multiple charges after an investigation into an Edmonton-based company alleged to be laundering money for unlicensed illegal online cannabis dispensaries. A year-long investigation conducted by the RCMP Federal Serious and Organized Crime unit in partnership with multiple government agencies determined Moxipay Corporation was operating as an… Read More
19th December 2019
A division of SNC-Lavalin Group Inc pleaded guilty to fraud and will pay a C$280 million fine, the company said on Wednesday, in a case related to projects in Libya that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis. The construction and engineering company reached a settlement after being… Read More
18th December 2019
The province has filed a lawsuit seeking to seize another property allegedly linked to a $200-million-plus international stock fraud. The $2.4-million property on Salt Spring Island, north of Victoria off the east coast of Vancouver Island, is added to two properties the B.C. Civil Forfeiture Office is already pursuing in… Read More
10th December 2019
Summing up six weeks of testimony at the trial of a former SNC-Lavalin executive accused of fraud and corruption, a prosecutor told jurors Monday that greed lies at the root of the accusations. Sami Bebawi’s fate will soon be in the hands of the jury after federal prosecutors made their… Read More
2nd December 2019
It started with a huge hash bust. Following up on a tip, the RCMP set up a stakeout and pounced when a freight truck left a warehouse on Mitchell Island in Richmond. The haul: six tonnes of hashish (a drug made from the resin of cannabis), wrapped in cellophane and… Read More
27th November 2019
At times, we AML professionals in the private and public sectors that play by the rules have difficulty realizing that the “bad guys” at the highest levels of the criminal world have no rules. They have more resources and capabilities than we can conceptualize. Unless you’ve lived in that world,… Read More