Featured Canada

Former B.C. lottery director says he’s ‘whistleblower’ on money laundering at casinos

A former director of the British Columbia Lottery Corporation’s anti-money laundering office says he is the “whistleblower” that likely prompted the public inquiry examining how hundreds of millions of dollars in illegal cash flowed through the province’s casinos. Ross Alderson, who testified for more than four hours Thursday, said he… Read More

Canada: Conservatives, NDP promise beneficial land ownership registry to tackle money laundering

The main themes during the federal election campaign are the country’s financing, the COVID-19 pandemic and climate change, but the parties also have on their agenda efforts to tackle money laundering. Erin O’Toole’s Conservatives say they will implement comprehensive changes to the legislation that governs money laundering and give the… Read More

Meng did not cause HSBC to risk violating U.S. sanctions on Iran, court hears

The Meng Wanzhou extradition hearings began its final week of scheduled court dates this morning, as defence lawyer Mark Sandler tore into U.S. allegations that the Huawei Technologies CFO misled HSBC into violation sanctions against Iran. The defence continued an apparent change in strategy started last week – a focus… Read More
10th August 2021
The United States, in coordination with Britain and Canada, rolled out new sanctions on Belarus on Monday, the one-year anniversary of the start of protests in the eastern European country against elections that were widely seen as fraudulent. Since that time, Belarusian President Alexander Lukashenko has taken harsh action against… Read More
10th August 2021
Cryptocurrencies like Bitcoin and Monero have been the subject of much debate and consternation in international security and financial crime circles. These digital payment systems enable illicit financing through their uneven regulation, transaction speed and anonymity. To date, the development and implementation of cryptocurrencies has largely been the purview of… Read More
8th August 2021
BlackMatter, which was officially founded in July 2021, is in the process of recruiting affiliates for its ransomware-as-service (RaaS) programme, and is actively advertising for initial access brokers who can help it infiltrate high-value corporate networks. It is specifically targeting large corporations with three core features: revenues… Read More
3rd August 2021
Transactional clues — from hotel bills paid in cash to purchases of escort-service ads — are helping Canada’s financial intelligence agency detect human trafficking in the sex trade. The Financial Transactions and Reports Analysis Centre of Canada is now learning from its sleuthing efforts in recent years to make pinpointing… Read More
2nd August 2021
A Vancouver lawyer has been suspended after letting a client use her firm’s trust accounts to move more than $14 million from other countries without providing any legal services or asking where the money came from. In a disciplinary decision on the professional misconduct of Florence Esther Louie Yen, a hearing… Read More
27th July 2021
The New Brunswick government is asking for feedback on proposed changes to corporate legislation that would force companies to reveal who really controls and benefits from them. By signalling a desire to adopt beneficial ownership transparency, the province is following the lead of the federal government, as well as at… Read More
27th July 2021
Over the past 10 years, Ottawa-area banks flagged more than 10,000 suspicious transactions to Canada’s financial intelligence agency, but during that same period only 20 people faced money laundering-related charges in the city. The disparity between those numbers reflects the challenges of cracking down on money laundering and the flow… Read More
15th July 2021
AP — Federal law enforcement officials said Wednesday that they dismantled a key international cocaine and money-laundering hub in an ongoing investigation that began six years ago in Las Vegas and has involved more than 30 other countries. The top federal prosecutor and the FBI chief in… Read More
12th July 2021
He is one of the few lawmakers left in Haiti, a close ally of the assassinated president who has kept his seat while the country’s democratic institutions have been whittled away. As one of only 10 remaining members in all of Haiti’s Parliament, Rony Célestin, a swaggering figure who… Read More
30th June 2021
A traffic stop last year led officials in South Texas to a massive trove of illegal goods. Not drugs, weapons or gems. It was cigarettes. Cartons upon cartons of black market cigarettes for export. An 80-year-old Mission man and two young associates were convicted and sentenced for trying to move… Read More