Tweet The National Crime Agency in the UK has been granted the first set of Unexplained Wealth Orders (“UWO”)Â under the Criminal Finances Act, by the UK High Court requiring that an unnamed foreign national from Asia provide a written statement explaining how they obtained sufficient wealth to purchase property. The foreign national subject to the […]
Tweet This guide to Bitcoin, Blockchain, distributed ledger tech, and digital currencies is taken from a collection of presentations, comments, speeches we’ve made at conferences or written articles from 2012 to 2015. Bitcoin Consumer payments and ways of transferring value in Canada and globally have shifted over the last several decades from paper-based media, such […]
Tweet US President Trump signed new sanctions legislation into law on August 3, 2017, against Iran, Russia and North Korea, and at the same time, adopted a new national strategy to combat terrorist financing and money laundering. The legislation, “HR3364 – Countering America’s Adversaries Though Sanctions Act” is more than about sanctions. In large part, […]
Tweet The Vatican’s justice branch has released its statement emanating from its recent anti-Mafia meeting with global law enforcement agencies to take-down the Mafia around the world through excommunication, if necessary. The Pope believes that he can make a difference in eradicating the Mafia and transactional criminal organizations through the reach of the Catholic Church. The […]
Tweet The US DoJ has taken down what it calls the world’s largest criminal marketplace on the Internet called AlphaBay yesterday, which operated for over two years on the darknet. AlphaBay was ten times larger than Silk Road, when it was taken down in 2013. AlphaBay was a Canadian darknet illegal drug marketplace with servers in […]
Tweet 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 […]
Tweet The Office of the Director of National Intelligence released its annual Worldwide Threat Assessment on May 11, 2017, from the US Intelligence Community and compared to last year, there are many more international threats to world security. The Threat Assessment from the US is a summary of all of the threats facing the US, […]
Tweet Canada introduced a new Cannabis law, Bill C-45, the Cannabis Act, expected to come into force in July 2018. Part 1 – Background on Current Law, Illegal Dispensing; Denial of Bank Accounts Illegality of Cannabis Sales Except for Medical Purposes Until the Cannabis Act comes into force, it is illegal to sell or have […]
Tweet One of the most curious text books one can find in law libraries is a “how to” series of legal text books on how to select the best international tax haven for clients to hide their money. It’s curious because one would have thought that helping clients hide money is not what lawyers are […]
Tweet 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 […]