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 25 - A Montreal man says TD Bank did not do enough to protect him from a scam that cost him $13,000 after fraudsters made a cash advance on his credit card. A few weeks ago, Shabetai Shattah said he got a call about suspicious activity on his credit card from someone posing as an employee with TD Visa.
May 24 - Since 1999, nearly one million people in the United States have died from drug overdoses, with an increasing share of those deaths coming from opioids specifically. The year 2020 saw new highs with approximately 69,000 opioid-related deaths, 82% of which involved synthetic substances such as fentanyl. Similarly, the CDC reported a significant increase in law enforcement encounters involving positive tests for fentanyl, beginning in 2013. These statistics indicate that fentanyl is causing significant harm to U.S. citizens.
May 23 - Limited liability companies, or LLCs, are no stranger to controversy, mainly because of how easily they can be used to hide owners and assets. Now they are being targeted by a New York watchdog group that supports a bill that would bring more transparency to LLCs to prevent them from becoming “shell companies” for money laundering.
May 23 - Lebanon is likely to be placed on a "grey list" of countries under special scrutiny over unsatisfactory practices to prevent money laundering and terrorism financing, three sources familiar with the matter told Reuters. Being added to the list would be another major blow to a country in a financial tailspin since 2019 and struggling to secure a deal with the International Monetary Fund.