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 16 - Premier John Horgan has confirmed a public inquiry will be held to look into the extent of money laundering in British Columbia after explosive reports revealed the laundering of more than $7 billion in the province in 2018. The inquiry, which will be overseen by B.C. Supreme Court Justice Austin F. Cullen, is expected to take two years and will investigate widespread money laundering in the province's real estate, gambling and luxury car sectors.
May 16 - Last week, a panel of three academics established by British Columbia’s Minister of Finance released a report exploring the role that money laundering played the province’s real estate market. The report found that money laundering had likely inflated B.C. housing prices by five per cent.
May 16 - The author of a report on money laundering in Canada says dirty money isn't unique to British Columbia, and needs to be addressed on a nationwide scale. "Everybody thinks it's a B.C., problem… But I don't think the other provinces or the federal government can put their heads in the sand and say 'Well, it's not our problem, it's B.C.'s problem,'" said Maureen Maloney, professor at the School of Public Policy at Simon Fraser University.
May 15 - The Alberta government has not taken money laundering seriously enough, says one of the authors of a report that has pulled back the curtain on dirty money in Canada. On Wednesday, the British Columbia government announced a public inquiry into the issue.
May 13 - Henrik Ramlau-Hansen, the former chair of Denmark’s financial regulator and former Danske Bank finance director, has been charged by Danish economic prosecutors. According to a report in The Financial Times, Ramlau-Hansen’s home was raided in connection with a money laundering scandal valued at €200 billion. Ramlau-Hansen chaired the Financial Supervisory Authority in Denmark from 2016 to 2018. He resigned in 2018 at the same time a scathing Danske report from the regulator was issued. He has recused himself from the investigation. He’s been working as an assistant professor at Copenhagen Business School, reported The Financial Times.
May 12 - U.K. money laundering investigators recovered about 6 million pounds ($7.8 million) in assets, including a Bentley sedan, an upscale hotel and prime London properties, from three defendants who allegedly used a global web of accounts to hide their wealth. It’s likely “that funds embezzled from the Russian state or from frauds committed in the U.K. were passed through these companies,” the National Crime Agency said in a statement Sunday, referring to companies incorporated in countries including the U.K., Russia, Austria, the U.S., Croatia, Seychelles and British Virgin Islands.
May 09 - Organized criminals found B.C. an increasingly attractive place to stash their money — largely without legal consequence, two scathing final reports on money laundering said Thursday. Proceeds of crime, including fatal opioid dealers, likely raised housing prices by at least 5 per cent in 2018, the government-commissioned studies estimated.