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

September 17 - It appears that Canadians in every region of the country believe money laundering is a major problem in their province, according to a new survey, but many are indecisive on just how much action should be taken. Sixty per cent of the 1,500 polled in an Angus Reid Institute survey, released Tuesday, said they support a nationwide ban on cash purchases over $10,000. Among B.C. respondents, 75 per cent supported the initiative.
September 17 - Three-quarters of Canadians believe money laundering is a problem in the province where they live, according to an Angus Reid poll. That number rises to 90 per cent in British Columbia, a province beset by problems related to the RCMP’s ill-fated E-Pirate money-laundering investigation. The pollster Angus Reid says that 81 per cent believe on a national level, Canada must do more to tackle money laundering. And most Canadians believe dirty cash is a problem that’s getting worse. In British Columbia, which has launched a public inquiry into money laundering, 90 per cent said it is a problem.
September 17 - Attorney General David Eby says he’s worried about how far-reaching the investigation into corruption at the RCMP is, considering ongoing concerns about money laundering in British Columbia. “Obviously these are very early days, so I don’t want to speculate about what may or may not be involved in this,” he says. “But any time you have an allegation of corruption within senior levels of the federal police department, the same police department that is supposed to be investigating trans-national crime – I think, for a lot of people, it makes us wonder exactly what’s going on.”
September 17 - Swedbank has told Swedish and Estonian regulators it still has “shortcomings” in its anti-money laundering work as Sweden’s oldest lender attempts to overcome a $135bn dirty money scandal.  The largest bank in the Baltics released part of its response to a joint Swedish-Estonian investigation on Tuesday, saying it still had problems with know-your-customer and risk-assessment practices in both countries. 
September 14 - Testimony at B.C.’s money laundering inquiry may not start before the Spring of next year. The two-year deadline for completion set earlier this year hasn’t changed, but Senior commission counsel Brock Martland says they’re still in the “study” stage and the next step involves some public meetings this Fall.
September 13 - Even in B.C.’s far North, money laundering is getting attention as the federal election gears up. Bob Zimmer, the Conservative incumbent for Peace River-Northern Rockies, whose more regular concerns for his constituents in B.C.’s natural gas-producing region would be energy and climate policies, took a swipe at Liberal Leader Justin Trudeau’s government for its progress on combating money laundering.
September 12 - Qatar’s cabinet has passed a new law to combat money laundering and terrorism financing that will bring it in line with recommendations from the international organization that sets global standards, its central bank said. Qatar has been keen to show it is cracking down on terrorism financing, more than two years after coming under embargo by a Saudi-led bloc that has accused it of supporting militant groups, which Doha denies.