Featured Canada

B.C. court orders Mexican businessman to produce documents in alleged money-laundering case

B.C. Supreme Court has stipulated that a Mexican businessman must produce documents within 30 days in a B.C. forfeiture case. The case involves two Kelowna-areas properties the province alleges were used to launder money linked to a $200-million plus international stock fraud. Following the consent of the parties, the court… Read More

Over $4M in assets seized from convicted former SNC-Lavalin exec Sami Bebawi

A former SNC-Lavalin executive who was convicted on corruption and fraud charges last year has had over $4 million in assets seized by a Quebec Superior Court judge, including a million-dollar property in Florida. Sami Bebawi, who was sentenced in January to eight years and six months in prison… Read More

Canadian banks demand $2.3M repayments on properties allegedly used to launder money

Financial institutions have demanded repayment of more than $2.3 million in mortgages and loans linked to several Metro Vancouver properties allegedly used to launder drug money. Coast Capital Savings, Westminster Savings, Vancouver City Savings and First National Financial are seeking repayment on mortgages and loans on four homes in Maple… Read More
28th August 2020
“We created DarkSide because we didn’t find the perfect product for us,” reads the launch announcement. “Now we have it.” It’s a line that could come out of any number of VC-friendly pitch decks, but DarkSide is no startup. It’s the latest strain of ransomware built to shake down… Read More
17th August 2020
Romania’s Minister of the Interior, Marcel Vela, on Friday announced the arrest and extradition to the US of an alleged human trafficking kingpin wanted by the US for eight immigration-related charges. The accused “is at the top of a network of international human trafficking [gangs operating] in Romania, Mexico and… Read More
10th August 2020
When Ashley lost her position as a French program co-ordinator due to the COVID-19 pandemic, she threw herself into an aggressive search for another job. With experience in sales, marketing and co-ordination, the 25-year-old sent her resume out widely and posted it on Indeed, Linked-in and other reputable career sites. Read More
30th June 2020
Every year, millions of dollars in cash enters and exits Canada stuffed inside envelopes, shirt pockets and bags. But only a tiny fraction is moved by criminals. The rest is transported by average Canadians and visitors who are taking $10,000 or more into or out of the country. Since 2017,… Read More
16th June 2020
When the founder of Canada’s largest cryptocurrency exchange died in India in 2018 he took with him the passwords to digital wallets worth more than £100 million. Or so his 76,000 clients thought. A new watchdog report claims, however, that Gerald Cotten ran QuadrigaCX as a kind of Ponzi scheme,… Read More
12th June 2020
British Columbia and Ontario provide a base of operations for an elite network of professional money launderers identified by police in 2019 and washing “upwards of hundreds of millions” per year, B.C.’s Cullen Commission into money laundering heard this week. While Global News has reported on sophisticated transnational money-laundering networks… Read More
10th June 2020
A public inquiry into money laundering has heard that British Columbia appears to have more high-level organized crime groups than other provinces. The director general of Criminal Intelligence Service Canada says that among at least 1,850 organized crime groups known to operate in Canada, the agency has assessed 680. RCMP… Read More
9th June 2020
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the nororious $1.3 billion Malabu OPL245 oil deal. Asset recovery lawyers acting for the Nigerian government swooped last week after the Bombardier 6000 jet, tail… Read More
27th May 2020
The so-called Vancouver model is an outlier in the history of Canadian crime, a criminologist told B.C.’s public inquiry on money laundering Tuesday. Stephen Schneider told the Cullen Commission of Inquiry into Money Laundering that this system for laundering illegal funds from China and revenue from drug trafficking is exceptional. “I’ve… Read More
26th May 2020
A public inquiry into money laundering in British Columbia has heard that cash is still king but cryptocurrencies and other virtual trade could rise as a trend. Criminology professor Stephen Schneider of St. Mary’s University in Halifax says games and other online platforms with many players are creating their own… Read More