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
November 03 - Victoria Gate Casino in Leeds has been shut down after the UK Gambling Commission suspended its license.
Leeds’ Victoria Gate Casino was shut down on Friday (October 31), following an investigation by the Gambling Commission due to concerns about anti-money laundering and counter-terrorist financing risks. The UKGC has suspended its licence after a compliance assessment found significant failings in the casino’s policies and controls.
November 03 - India’s financial crime agency has frozen 75 billion rupees (S$1.1 billion) worth of properties linked to companies of the Reliance Anil Ambani Group as part of a money-laundering probe, it said in a statement on Nov 3.
The move relates to cases involving Reliance Communications and its affiliates over the alleged diversion of about 136 billion rupees and loans of more than US$569 million (S$742 million) taken by the group from India’s YES Bank between 2017 and 2019 that the ED says were diverted and laundered.
October 31 - Michael Feinberg, Former Assistant Special Agent In Charge at the FBI and Jason Leopold, Bloomberg Senior Investigative Reporter join Nicolle Wallace on Deadline White House to discuss his reporting which reveal new details of a money laundering in disgraced financier and sex offender Jeffery Epstein and the new questions it raises into the Epstein saga.
October 31 - The federal government is making more promises to fight financial crime: a national anti-fraud strategy, a new financial crimes agency and 150 additional RCMP officers.
But policing experts question whether these plans — announced by Prime Minister Mark Carney this month and similar to others in the past — will make a significant dent in financial crime, including money laundering, a major issue in British Columbia.
October 30 - Canada’s financial intelligence agency is reporting that it easily set a new mark last year in the number of cases that it sent to police for possible criminal investigation, just one metric in the broader picture of a country facing escalating problems with money laundering and terrorist financing.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) reported Thursday in its 2024-25 annual report that it generated 2,700 disclosures that supported police investigations, easily the organization’s most ever.