money laundering compliance solutions

Canada's anti-money laundering legislation directly impacts on over one million businesses and professionals.

ABCsolutions was established to assist Canadian individuals and organizations to meet the challenge of developing and maintaining an effective anti-money laundering compliance program as mandated under Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Latest News

August 29 - Australian Transaction Reports & Analysis Centre (AUSTRAC) has established a new cyber team that will focus on identifying financing activities, money laundering and financial fraud. The announcement about the new cyber team was made recently by Minister for Justice Malcolm Keenan. He said that the initiative forms part of the Australian Government's Cyber Security Strategy, announced by the Prime Minister in April.
August 27 -
August 27 - The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances through the banking industry. The CBN gave the directive to authourised dealers, mainly banks, on Friday in a circular signed by the Acting Director of Trade And Exchange Department, Mr W.D Gotring and titled, “Illicit international money remittances through the banking system’’.
August 26 - The Government of Panama rejected today the remarks of the Department of Financial Services of New York (NYDES), of the United States, as a high-risk jurisdiction for money laundering. The Minister of Economy and Finances Dulcidio De la Guardia told reporters he received an official communique of the U.S. Treasury Department or the State of New York, rejecting the remark.
August 25 - TAIPEI (Reuters) - Taiwan’s cabinet said on Thursday it will tighten some of the island's anti-money laundering regulations to conform more closely to international standards. The move comes after New York's state financial regulator fined state-run Mega Financial's banking unit $180 million for violations of anti-money laundering regulations that included lax attention to risk exposure in Panama.