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

March 23 - Myanmar is stepping up drive on anti-money laundering and anti-terrorism financing as part of the work procedure of Asia/Pacific Group on Money Laundering, the official Global New Light of Myanmar reported Wednesday. The drive includes mutual evaluation in the member countries, the amendment of the anti-money laundering law, the formation of a working committee for mutual evaluation in the member countries in 2016, Police Colonel Kyaw Win Thein told a meeting of the Central Committee for Anti-Money Laundering in Nay Pyi Taw Tuesday, chaired by Minister of Home Affairs Kyaw Swe.
March 22 - Real estate agents with offshore sales offices and websites targeting foreigners are at higher risk of attracting money launderers and should face tougher laws, according to the industry itself. The Real Estate Institute of Australia issued the warning in a submission to the Attorney General's department, which is working out how to implement a proposal to saddle real estate agents and a range of other professions with responsibility for policing anti-money laundering laws.
March 22 - Emirates NBD has spoken out about the difficulties in fighting financial crime after it was alleged to have handled a share of $20.8 billion of illicit funds in a Russian money laundering scheme between 2011 and 2014. Emirates NBD and Abu Dhabi Commercial Bank (ADCB) were the only GCC-based banks named in a list of the top 50 bank families that handled the largest amounts of money from the ‘Global Laundromat’ operation, first exposed in 2014.
March 22 - When President Donald Trump angrily tweeted earlier this month that there was wiretapping going on in Trump Tower, he was not mistaken, as it turns out. Between 2011 and 2013, the FBI had a court-approved warrant to monitor a Russian money-laundering ring that was operating out of unit 63A in Trump Tower, just three floors below the real estate mogul's gilded penthouse, reported ABC News.
March 22 - In order to protect the international financial system from money laundering and terrorist financing risks, the Financial Action Task Force (FATF) issued two statements on February 24, 2017.
March 21 - The role of British banks in processing hundreds of millions of pounds for a Russian money laundering scheme dubbed “the Laundromat” is attracting growing scrutiny from UK authorities, which are weighing whether to launch a full investigation. After Simon Kirby, the City minister, was forced to answer a question in parliament about the latest revelations in the Guardian newspaper, the Financial Conduct Authority said: “Clearly these are serious allegations and we will investigate any evidence that we receive.”