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

January 23 - A Vietnamese hotelier allegedly ran a lucrative money laundering ring that washed millions of dollars for some of NSW's biggest organised crime targets. Thi Lan Phuong Pham cried in the dock of Waverley Local Court on Friday while her role as a "major player" in an alleged criminal syndicate was detailed following her arrest.
January 22 - A Law Society of B.C. disciplinary hearing has put under scrutiny the legal regulator’s ability to police money-laundering, scams and illicit foreign investment involving lawyers. In the face of an overheated real estate market and public concerns about foreign capital last year, the society cited West Vancouver lawyer Donald Gurney for professional misconduct over his involvement in four questionable, three-year-old transactions.
January 20 - PORT-AU-PRINCE — President-elect Jovenel Moise has pledged to stamp out corruption and strengthen Haiti's legal institutions, but even before taking office on Feb. 7, he faces a government allegation of money laundering. A political newcomer, Moise was declared winner of the long-delayed election on Jan. 3 for the Bald Heads Party of Haiti's last elected president Michel Martelly, although opponents have said they will not accept his victory.
January 20 - Hard-working Canadians who pay their taxes to support the social programs that benefit all Canadians are tired of seeing certain wealthy individuals and large corporations not pay their part. This is not fair and has to change. The Honourable Diane Lebouthillier, Minister of National Revenue, today highlighted that Canada is taking action and working in partnership with tax authorities world-wide to unmask and identify the structures used for international aggressive tax avoidance and evasion.
January 19 - Following the announcement of demonetisation, many money laundering cases are being unearthed. While the Income Tax (I-T) department is gearing up for the second round of action plan with large number of I-T notices in hand, the enforcement directorate (ED) has too registered 27 cases under the Prevention of Money Laundering Act (PMLA) across India.
January 19 - Shares of Western Union fell more than 3 percent on Thursday after it agreed to pay $586 million to settle allegations that it failed to prevent criminals from using its service for money laundering and fraud. On Thursday, the money-transfer company said it reached an agreement with the U.S. Justice Department and Federal Trade Commission. As a part of the agreement, the company will take actions to enhance its anti-money laundering programs.