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

May 03 - A public inquiry in British Columbia, Canada, has increased concerns about how criminal networks may be exploiting auto dealers to launder dirty money. Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds. Also, corrupt dealers or purchasers may export or import autos at excessively high or low prices to transfer value through profits or loss.
May 02 - A federal jury found a former Netflix executive guilty Friday of receiving lucrative stock options and more than a half-million dollars in bribes and kickbacks from tech companies to approve contracts with the streaming giant. Michael Kail, 49, is a former Netflix vice president who oversaw the company’s internet technology department.
May 01 - The German financial regulator BaFin has ordered Deutsche Bank to enact further safeguards to prevent money laundering, BaFin said on Friday, a blow to the nation’s largest lender as it tries to repair its reputation. In 2018, BaFin took the extraordinary step of installing the auditor KPMG as a special monitor at Deutsche to oversee progress on money-laundering controls.
April 30 - A former B.C. cabinet minister who once said his colleague was complicit in the province's failure to address the issue of money laundering has testified his comments were "personal opinions" he made while unaware his old friend was recording their conversation. Kash Heed, a former police chief who briefly served as solicitor general, said he made the disparaging remarks about ex-gaming minister Rich Coleman in 2018 thinking he and his friend were just catching up and "shooting the breeze."
April 30 - A B.C. landowner transparency registry meant to combat money laundering that was delayed by a year is now open to the public. The registry is the first of its kind in Canada and requires corporations, trusts or partnerships that buy land in B.C. to disclose the interest-holders of the land and file that information with the registry through a transparency report.
April 28 - B.C.’s longest-serving gaming minister was asked Wednesday if he would have done things differently to stamp out money laundering at provincial casinos. Rich Coleman, who first assumed responsibility for gaming in 2001 and held the job off-and-on until 2013, testified for more than four hours at the Cullen Commission public inquiry into money laundering.
April 26 - British Columbia's attorney general says he left high-level meetings about money laundering confused about the extent of the problem at provincial casinos, but convinced something needed to be done. David Eby told the public inquiry into money laundering on Monday that he received vastly different versions about suspicious cash at casinos from officials when he became the minister responsible for gaming in 2017.