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

April 28 - NEW DELHI: The Enforcement Directorate has registered a money laundering case in the Narada 'sting' where a number of Trinamool Congress (TMC) leaders, including MPs and ministers, were allegedly caught on camera taking money. The agency, officials said, has registered the case under the provisions of the Prevention of Money Laundering Act (PMLA) based on a CBI FIR.
April 27 - A Royal Canadian Mounted Police (RCMP) investigation, working in partnership with Canada Border Services Agency (CBSA), has led to charges against two Canada Border Services Officers stationed at Toronto Pearson International Airport. The alleged offences include Breach of Trust, Conspiracy to Import a Schedule I Substance, and Importation of a Schedule I Substance. The RCMP would like to thank the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for their collaboration in this investigation.
April 26 - Tackling foreign speculation and money laundering in the real estate industry is a key component of both the BC NDP and BC Green Party housing platforms this election. The concern is, the housing market is being used as an easy way to conceal and facilitate money laundering,” said David Eby, Vancouver Point Grey MLA and Opposition Spokesperson for Housing.
April 26 - Ireland’s Central Bank announced Wednesday it had fined Allied Irish Banks Plc (AIB) – one of the country’s "big four" commercial lenders - €2.27 million (US$ 2.47 million) for "significant failures" in preventing money laundering and terrorist financing. The Central Bank found that, between 2010 and 2014, AIB persistently failed to immediately report 211 suspicious transactions to police and tax authorities.
April 26 - Federal investigators continue to dig into Russia's cyberattack on the US election and the Trump administration's possible involvement—but as bad as that intrusion and collusion may be, Trump's opaque financial dealings could prove even more perilous for the president. Trump has blazed a decades-long trail of questionable financial dealings with Russian sources that could provide investigators with the grist they need for legal action. A wide array of Russian oligarchs with links to Vladimir Putin have invested tens of millions of hard-to-explain dollars in Trump properties. And Trump professes never to know who these people are or where they got the big bucks for their mostly cash deals.
April 25 - The Barbados government Tuesday described as “misleading” the decision by the United States to list the island as a major for money laundering. Attorney General Adriel Brathwaite said that “Barbados is duty bound to state its position on this finding, which it considers to be misleading”.