6th January 2017
China has adopted stringent new anti-money-laundering rules that will make it nearly impossible for small investors -- for example, middle-class families who pool their savings -- to get their money out of the country in order to buy condos in Canada's superheated property market (not just Canada, of course!). Read More
8th December 2016
The Alberta Securities Commission (ASC) and the RCMP announced today an enforcement partnership targeting serious violations of securities laws. Read More
25th November 2016
Close friend of top Montreal Mafia figures tried to make deal with securities regulator Read More
18th November 2016
Efforts by Canada’s anti-money laundering agency to pinpoint illicit dealings of the Islamic State of Iraq and the Levant and other extremist organizations helped spark an increase in intelligence disclosures to police and spies last year. Read More
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