15th November 2016
Applebaum ignored the advice, and seven months later the closet door would be burst open when anti-corruption police arrested him at home. On Monday, the friend turned informant was the first Crown witness at Applebaum’s trial on 14 charges of fraud, breach of trust and conspiracy. Read More
17th October 2016
The arrest in China of Australians working for billionaire James Packer’s Crown Resorts could be a further signal about the level of alarm among Chinese authorities about the flow of cash to foreign casinos. China has a problem with money fleeing the country. In recent years, there have been huge… Read More
11th October 2016
Canada “faces an important domestic and foreign money laundering threat” from criminal organizations that launder billions of dollars in this country. The stiff warning comes from the Financial Action Task Force (FATF), which also sounds an alarm about the threat against “major financial institutions and some unscrupulous real estate lawyers”… Read More
6th October 2016
In 2015, the Supreme Court of Canada ruled that, unlike other professionals such as bankers and real estate agents, lawyers do not have to report to Canada’s anti-money laundering agency, Fintrac. Lawyers in B.C. won that case based on a constitutional argument about solicitor-client privilege, and the argument that law societies already regulate lawyers… Read More
23rd September 2016
North American nation one of main destinations for corrupt officials fleeing mainland and agreement said to be first of its kind China has signed with another country Read More
23rd September 2016
The United States has moved against what it describes as a major international money laundering network which has operations based in Ireland. The PacNet group, a Canadian international payments processor, was allegedly clearing money based on scams targetting elderly and vulnerable victims involving fake lottery wins, sweepstakes and letters from psychics. Read More
20th September 2016
Binary Uno is the latest binary options broker to be added to the BCSC’s investor caution list. Read More
15th September 2016
Quebec securities officials are investigating possible connections between a Montreal Chabad group and an alleged money-laundering scam involving the ex-CEO of Amaya Inc., the world’s largest publicly traded online gambling company. David Baazov, 35, is facing charges filed in March that he tried to influence the Amaya stock price by… Read More
15th September 2016
Canada’s anti-money laundering efforts have improved in recent years but significant gaps leave the country open to illicit financial activities, according to an evaluation from an organization that develops policies to protect the global financial system. The importance of anti-money laundering efforts has risen in recent years, as… Read More
14th September 2016
Canada’s anti-money laundering agency conducted on-site examinations of more than 800 real estate companies over four-and-a-half years and found “significant” or “very significant” deficiencies during 60 per cent of those visits, new data shows. A document obtained by The Canadian Press through an Access to Information request shows that Fintrac… Read More