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.

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October 02 - Through 18 years of friendship, Eunice Chan said she'd built a bond with Po Yuk "Peggy" Chan. They travelled the world together, were part of the same church community — and Eunice Chan even introduced her friend to members of her family. "[If] she asked me to do anything, I would do that because I trusted her," Eunice told CBC News in an interview.
October 01 - The next chapter in the fall of one-time crypto billionaire Sam Bankman-Fried is set to begin Tuesday as the former FTX head goes on trial in New York City. Jury selection in Bankman-Fried's trial is scheduled to begin Oct. 3, while the trial itself is expected to last about six weeks.
September 29 - The Financial Crimes Enforcement Network (FinCEN) assessed a $15 million civil money penalty against Shinhan Bank America (SHBA) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. “SHBA willfully disregarded its obligations under the BSA to maintain an effective anti-money laundering (AML) program and to identify and report suspicious transactions to FinCEN, despite being informed of its deficiencies as far back as 2015,” said FinCEN’s Director Andrea Gacki. “Today’s action should serve as a reminder to banks of all sizes that AML program deficiencies must be promptly and effectively addressed, and that FinCEN takes seriously repeated failures to remediate violations of the BSA.”
September 29 - The probe concerns their activities in Courchevel, a ski resort in the French Alps known for being a playground for the ultra-rich, they said late Thursday. The French economy ministry's financial intelligence unit is leading the investigation, but has yet to determine whether any crime had been committed, a source close to the investigation told AFP.