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
January 15 - Drugs, ransomware, sanctions evasion, and espionage—these are just some of the crimes a global investigation into financial crimes and money laundering networks has uncovered.
Operation Destabilize, led by the United Kingdom’s National Crime Agency (NCA), targeted large-scale money-laundering networks focusing on Russian-linked entities.
January 15 - Law firms have been warned about the dangers of falling prey to clients engaging in sham litigation to launder money.
In new guidance published this week, the Solicitors Regulation Authority said litigation firms are at particular risk because they are involved in high-value transactions where the true ownership of assets can be obscured.
January 14 - Thailand sits at a crossroads as debates swirl around the potential opening of entertainment complexes and casinos, with looming concerns over their possible misuse as venues for money laundering by ‘grey’ Chinese businesses.
People’s MP Rangsiman Rome voiced these concerns yesterday, raising the spectre of illicit activities seeping into Thailand's gaming industry.
January 13 - Denmark’s gambling regulator has advised operators to consider the role of affiliates when assessing their risk of money laundering.
The Danish Gambling Authority (DGA) issued the advice after becoming aware that “money laundering can occur through affiliates who market for gambling operators”.