In 2014, the Canadian anti-money laundering and counter-terrorist financing (AML/CFT) legislation was amended to include persons “dealing in cryptocurrencies” as “money service businesses” that will be subject to compliance with Canada’s AML regulations. In addition, all businesses dealing in cryptocurrencies… Read more >
With cryptocurrency use on the rise, particularly in Canada, the Canadian government has plans to strengthen their cryptocurrency regulations, along with anti-money laundering (AML) and terrorist financing regulations. In 2014, the government approved amendments to the Proceeds of Crime (Money… Read more >
The federal Financial Transactions and Reports Analysis Center of Canada (FinTrac) has released an alert to banks, credit unions and other organizations regarding drug traffickers laundering money through their organizations in relation to the deadly opioid, fentanyl. Fentanyl is wreaking… Read more >
The International Anti-Corruption Coordination Centre (IACCC) will be launching a multinational effort to combat grand corruption which can include bribery of public officials, embezzlement, abuse of power and money laundering of profit from illegal activity. At the time of the… Read more >
A Russian crime syndicate that has been accused of laundering hundreds of millions of dollars has allegedly been routing millions into nearly 30 Canadian bank accounts, establishing the largest tax fraud in Russian history. U.K.-based businessman Bill Browder, who was… Read more >
AML, Canada, Compliance, Country, Russia