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
15th August 2019
Canadian PM Justin Trudeau violated federal conflict of interest rules in the handling of a corruption inquiry, the federal ethics tsar has found. The ethics commissioner says Mr Trudeau improperly tried to influence a former minister in the SNC-Lavalin affair. The prime minister says he accepts the commissioner’s report but… Read More
13th August 2019
The B.C. government is suing to seize properties in the B.C. Interior that it alleges were linked to a $200-million-plus international stock fraud. In a lawsuit filed in B.C. Supreme Court this month, the B.C. Civil Forfeiture Office alleges a $1.6-million house on Mission Ridge Road in Kelowna and a… Read More
26th July 2019
When his brother was killed last year in an ambush, Vincenzo Muià became the boss of his Mafia clan in southern Italy. One of his first acts of leadership was to gather his loyal soldiers to plan their defence. His next was avenging his brother. For that, he came to… Read More
19th July 2019
AP — Finance chiefs from the Group of Seven rich democracies issued a stark warning on Thursday that cryptocurrencies like the Libra digital money recently unveiled by Facebook should not be allowed before “serious regulatory and systemic concerns” are addressed. France, which this year chairs the G-7 gatherings on topics… Read More
19th July 2019
Canadian police on Thursday said they had arrested nine suspected members of a powerful Mafia clan with roots in southern Italy involved in money laundering and illegal gambling in the Toronto area, seizing C$35 million ($26.8 million) in assets, including five Ferraris. Over three days, police raided 48 cafes, businesses… Read More
15th July 2019
Criminal Code amendments to make it easier to prove money laundering are now in force in Canada. The change to the Criminal Code offence of money laundering adds recklessness, a change that became law at the end of June. This amendment criminalizes the activity of moving money… Read More