16th May 2017
US authorities have dropped sanctions against a number of Irish-based executives working for payments company Pacnet, who were linked to an investigation of the Canadian-headquartered group last year. Last autumn, the US department of the treasury sanctioned Pacnet for allegedly laundering money from schemes used to dupe people… Read More
9th May 2017
After years of trying to build public and media support, significant progress has been made with the last two federal budgets in the fight against overseas tax evasion. Finally, the federal government is providing the Canada Revenue Agency the resources it needs to take on those who hide their money… Read More
17th April 2017
Canada has announced sanctions against 27 high-ranking officials in the government of Syrian President Bashar al-Assad. Foreign Affairs Minister Chrystia Freeland says in a statement that those people are now subject to an asset freeze and dealings prohibition. Read More
13th April 2017
The Royal Canadian Mounted Police (RCMP) charged the head of a commercial aircraft company with conspiring to bribe military officials in Thailand. The alleged conspiracy is connected to a deal involving aircraft from the Thailand national airline. Larry Kushniruk, president of Canadian General Aircraft was charged in November under the… Read More
12th April 2017
G7 foreign ministers agree on one thing: Syrian President Bashar al-Assad has to go. Rex Tillerson arrived in Moscow Tuesday carrying a message from a G7 united on that point — but divided on how far they are willing to push the Syrian dictator’s ally and sponsor, Russia, to achieve that goal. Read More
29th March 2017
Bill C-25 does little to stop foreigners from using Canadian companies to "snow wash" illicit funds. Read More
13th March 2017
Canada’s anti-money laundering (AML) regulator will pursue a legislative review targeting its penalty program, following sustained public scrutiny over the agency’s 2016 decision to withhold the identity of a bank it sanctioned with a record fine, Gérald Cossette, director of the Financial Transactions and Reports Analysis Centre (FINTRAC), said in… Read More
28th February 2017
The head of Canada's financial crime watchdog agency is second-guessing his decision last year to withhold the name of a bank — which CBC Investigates has identified as Manulife Bank of Canada — fined $1.15 million for not reporting hundreds of transactions it was obligated to report under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Read More
23rd February 2017
The Financial Conduct Authority (FCA) has entered into a co-operation agreement with Candian regulator Ontario Securities Commission (OSC) in an effort to boost innovation. Read More
22nd February 2017
JSOT is an enforcement partnership between the ASC, the RCMP Federal Policing’s Financial Integrity Program and Alberta Crown Prosecution Service. Read More