24th September 2019
The provincial government had a message to communities on Monday morning at the beginning of the annual convention of B.C. municipalities: its efforts to combat money laundering were having an effect, but cities and towns still need to be on guard. But local leaders had their own message for the province: it needs to… Read More
23rd September 2019
After another global bank cut off convicted pedophile Jeffrey Epstein, his wealth found a home at Toronto-Dominion Bank. The Canadian lender accepted accounts belonging to Epstein earlier this year after Deutsche Bank AG severed ties with the disgraced financier, according to a person with knowledge of the matter. The… Read More
19th September 2019
A B.C. company set up by Mexican businessmen was used to launder millions of dollars of criminal proceeds, the Canada Border Services Agency alleges in Federal Court documents. The CBSA interviewed one of the men it claims is involved, Sergio Antonio Reyes Garcia, on March 3, 2019 when he arrived… Read More
18th September 2019
The investigation that led to the arrest last week of a senior Canadian intelligence official was triggered by the discovery in 2018 of a document held by a Vancouver businessman who was suspected of operating a mobile-phone network used to distribute narcotics and payments, a person familiar with the… Read More
16th September 2019
A B.C. Supreme Court judge has ruled that an interim freeze of assets in B.C.’s biggest money-laundering case was done improperly, and has ordered the release of $2 million in cash to the accused. In a ruling released Friday, B.C. Supreme Court associate chief justice Heather Holmes concluded the Civil… Read More
30th August 2019
The prime minister is refusing to specify whether federal resources to combat money-laundering will be sent to B.C. before the election period begins. NEWS 1130 tried to get clarification from the federal leader during a stop in Surrey Thursday afternoon. The federal government has pledged to contribute cash and resources… Read More
26th August 2019
Iran’s foreign minister made a flying visit for talks with host France at the G7 summit on Sunday, as Paris ramped up efforts to ease tensions between Tehran and Washington, a dramatic diplomatic move that the White House said had surprised them. European leaders have struggled to tamp down the… Read More
22nd August 2019
U.S.-based Citigroup Inc (C.N) and French bank BNP Paribas (BNPP.PA) are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly available documents. The banks were named in documents released on Tuesday after a hearing in British… Read More
21st August 2019
Shell companies—specifically, of the illicit sort—have so long been entangled with the concept of money laundering that one term often evokes the other.  But after decades of acknowledging the problems associated with anonymous corporate ownership, and with little to show in the way of preventing the misuse of shell… Read More
20th August 2019
The Saskatchewan government is set to introduce amendments to protect against criminal acts like money laundering— even if it’s a bit late. Money laundering is estimated to be worth $6.5 billion across Saskatchewan and Manitoba alone, according to a report from former B.C. attorney general and Simon Fraser University professor, Maureen… Read More