18th October 2019
Months after charges were stayed in Canada’s largest money-laundering case, neither the RCMP nor the Public Prosecution Service of Canada has provided any public explanation of what went wrong. But a Postmedia investigation has uncovered details of how the massive prosecution of Silver International and its owners, Caixuan Qin and… Read More
16th October 2019
He is Asia’s most-wanted man. He is protected by a guard of Thai kickboxers. He flies by private jet. And, police say, he once lost $66 million in a single night at a Macau casino. Tse Chi Lop, a Canadian national born in China, is suspected… Read More
9th October 2019
Twenty years ago, anti–money laundering (AML) was an afterthought for most banks. Today, it’s at or near the top of the executive agenda. Daniel Moore is group head and chief risk officer at Scotiabank, one of Canada’s top five banks, with 99,000 employees and more than $1 trillion in assets. Read More
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