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 23 - Start delving into the murky world of money laundering in eastern Europe and the names of three countries turn up again and again: Latvia, Moldova – and the UK. On numerous occasions over the past decade, dirty money from Russia – and elsewhere in CIS – has been funnelled through the two former Soviet states, much of it under a cloak of anonymity provided by UK-registered shell companies.
September 23 - The U.S. Department of Treasury has named a a relatively unknown Vancouver company with offices downtown as a “significant transnational criminal organization,” which has helped to defraud Americans of hundreds of millions of dollars.
The allegations against PacNet Services Ltd., which have not be proven in court, came during a press conference with U.S. Attorney General Loretta Lynch.
September 22 - Fraudsters behind a £113 million international money laundering ring conducted one of Britain's biggest ever cyber scams cold-calling bank customers.
Police said the criminals, who targeted Lloyds and RBS business banking customers, made between £1 million and £2 million a week at its peak and operated like a nine-to-five business.
September 22 - U.S. federal prosecutors just won’t let go of their three-year-old criminal action against alleged beneficiaries of stolen and laundered Russian taxpayer money.
It was launched as part of what’s known as the Magnitsky Affair, a contentious story of scandal, cover-ups and smear campaigns that dates back more than a decade. Over the years, the Kremlin has used every tool it can, including the fate of Russian orphans who might be adopted by Americans, as it tries to thwart calls for justice from the U.S. Congress and the administration.
September 20 - (Thunder Bay, Ontario – September 20, 2016) – Members of the Royal Canadian Mounted Police (RCMP), Serious & Organized Crime Section in Thunder Bay have charged a Thunder Bay resident with misappropriation of funds.
The RCMP alleges that between 2007 and 2012, Mr. Giuseppe (Joe) CRUPI fraudulently obtained for Kashechewan First Nation (KFN) over $1.2 million of public money from the National Child Benefit Reinvestment (NCBR) Program, which was meant to provide breakfasts for approximately 400 elementary school children in the Kashechewan First Nation (KFN). The RCMP also alleges that CRUPI then misappropriated from KFN approximately $694,000.00 of this money for his personal use in 2008, 2009 and 2012.