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
20th September 2016
Binary Uno is the latest binary options broker to be added to the BCSC’s investor caution list. Read More
15th September 2016
Quebec securities officials are investigating possible connections between a Montreal Chabad group and an alleged money-laundering scam involving the ex-CEO of Amaya Inc., the world’s largest publicly traded online gambling company. David Baazov, 35, is facing charges filed in March that he tried to influence the Amaya stock price by… Read More
15th September 2016
Canada’s anti-money laundering efforts have improved in recent years but significant gaps leave the country open to illicit financial activities, according to an evaluation from an organization that develops policies to protect the global financial system. The importance of anti-money laundering efforts has risen in recent years, as… Read More
14th September 2016
Canada’s anti-money laundering agency conducted on-site examinations of more than 800 real estate companies over four-and-a-half years and found “significant” or “very significant” deficiencies during 60 per cent of those visits, new data shows. A document obtained by The Canadian Press through an Access to Information request shows that Fintrac… Read More
9th September 2016
Quebec’s securities regulator is showing more of its cards in the case involving David Baazov, the former CEO of online gambling giant Amaya Inc., saying it uncovered a kickback scheme for stock tips on impending takeovers and is investigating related money laundering through a religious organization. The Autorité des marchés… Read More
2nd September 2016
Jean Cowan is director of the Quebec provincial police's eastern division Read More
9th August 2016
Suspected criminal proceeds or undeclared money seized from Chinese travelers has more than doubled in Canada since 2013, as the rate of capital flight from China continues its unprecedented pace. According to recent numbers from the Canada Border Services Agency, airport officials confiscated $11.5 million CAD in non-reported currency and… Read More
25th July 2016
A Chinese property tycoon linked to a massive banking scandal in China’s industrial north is at the centre of more than $500 million in B.C. property deals, a joint investigation by Postmedia and global due diligence firm IPSA International shows. Chinese real estate magnate Kevin Sun — also known as… Read More