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

October 19 - ┬┤Panama Papers countries┬┤ should be covered by enhanced due diligence obligations of the 5th AML Directive The list of high-risk third countries subject to enhanced due diligence measures, published on 14th July, does not include many of the countries believed to be acting as tax havens for money laundering, and in particular, those mentioned in the 'Panama Papers'. The EESC opinion on the EU Anti-Money Laundering Directive proposes that a new list of high-risk third countries be drawn up, or the scope of the measures be broadened.
October 19 - Leonardo DiCaprio will work with the US Department of Justice (DOJ) in a corruption investigation into Malaysia's sovereign wealth fund 1MDB. The Hollywood actor's charity foundation and movie The Wolf of Wall Street allegedly received money stolen from the fund.
October 19 - The Prosecutor-General says the city cannot do its best to combat money laundering without regional judicial co-operation The city may need to further consider judicial co-operation with nearby as well as overseas jurisdictions in order to better combat money-lanudering in the city, said Prosecutor-General Ip Song Sang at the opening ceremony of the 2016/17 Judicial Year yesterday.
October 18 - Gardai have today smashed a money-laundering racket linked to the Kinahan drug cartel raiding 20 locations around the capital. Dozens of high end cars - most of the brought in from the UK - were seized from at least two garages in Dublin.
October 17 - The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned former governor of Adamawa, Murtala Nyako, and his son, before Justice Okon Abang of the Federal High Court, Abuja. The EFCC had on August 7, 2015, arraigned Mr. Nyako; his son, Abdul-Aziz; and Zulkifikk Abba, Abubakar Aliyu as well as five firms before the late Justice Evoh Chukwu.