23 members of transnational criminal organization arrested for money laundering

Europol announced today that the Spain and Columbia collectively arrested 23 members of an unidentified transnational criminal organization (the “Group”) involved in laundering the proceeds of crime on behalf of other unidentified transitional criminal organizations. The Group didn’t launder a lot of money – only €2 million.  The Group allegedly used Bitcoin to launder funds [...]

Granny did it –> millions allegedly seized from banks, PayPal and in Bitcoin & IOTA in European drug bust

According to a statement by Europol, police in Austria and Spain seized €4.5 million in Bitcoin and IOTA as part of a bust of a transnational criminal organization that manufactured and trafficked LSD and laundered the proceeds of crime. The story is a little weird. How the police seized the digital currencies is unknown but [...]

35 darknet drug traffickers arrested in the US; $20 million in Bitcoin seized

Over 35 people were arrested in a US-wide sweep by the US DOJ, DEA, US Secret Service, ICE, HSI and the FBI agents for selling illegal drugs over the darknet and laundering the proceeds of crime using, inter alia, Bitcoin. The operation involved agents posing as digital currency exchanges to obtain personal information of drug [...]

Darknet drug trafficker with over $1 million in Bitcoin and Litecoin sentenced in US

25-year-old Matthew Yensan, from North Carolina, was sentenced to 78 months incarceration today for producing Xanax and Alprazolam, selling them on the darknet and laundering the proceeds of crime using, inter alia, Bitcoin and Litecoin. According to the indictment, Yensan had a Glock 27 .40, a Smith & Wesson Revolver .357, a Colt King Cobra [...]

Canada doing a lot worse combatting money laundering and drug trafficking according to 2018 US INCSR report

Canada once again a “Major Money Laundering” country The 2018 “International Narcotics Control Strategy Report” (INCSR) published in March 2018 by the U.S. Department of State identifies Canada once again as a “major money laundering country” along with a host of risky countries for financial crime, and is generally doing a lot worse combatting money laundering [...]

G7 to focus on transnational criminal organizations, aviation infrastructure security, terrorist financing

The G7 released a special statement on financial crime, promising to re-double its efforts from the last 12 months on ending financial crime, in particular terrorist financing and international money laundering involving transnational criminal organizations. Every year there is a commitment to these goals but this time, the G7 has promised to turn their statements “into [...]

Canada’s New Cannabis Act – Harsh New Offences; Money Laundering; Why Cannabis Stores Can’t Get Bank Accounts; Role of Organized Crime

Canada introduced a new Cannabis law, Bill C-45, the Cannabis Act, expected to come into force in July 2018. Skip to Part 2, below, if you just want to review the new law. Part 1 – Background on Current Law, Illegal Dispensing; Denial of Bank Accounts Illegality of Cannabis Sales Except for Medical Purposes Until [...]

US rates Canada once again as a “major money laundering country” in annual drug report

1. Canada once again a “Major Money Laundering” country The 2017 “International Narcotics Control Strategy Report” (INCSR) published in March 2017 by the U.S. Department of State identifies Canada once again as a “major money laundering country” along with a host of mostly risky countries for financial crime such as Afghanistan, Argentina, Brazil, BVI, Cayman Islands, [...]

Ontario judge rules on admissibility of evidence in online criminal gambling prosecution

An Ontario court has ruled that evidence seized from the car of a person alleged to be connected to the Hell’s Angels can be admitted at trial even when that evidence was taken ostensibly under one piece of legislation, but was intended to be admitted for an investigation under other legislation. In November 2012, Andrew Bielli [...]