The definitive guide to anti-money laundering compliance at casinos and regulated online gambling sites for casinos, investors, regulators, banks and players

Tweet A Q&A on money laundering for casinos and online regulated poker websites 1. Executive Summary Money laundering is a process in which so-called ‘dirty money’ from the proceeds of crime is transformed into ‘clean money’ or legitimate money or other assets, such as cars, art, homes or investments. Money laundering typically occurs in three […]

The Jihad Express –> Gaziantep Turkey still ISIS’ conduit city of choice

Tweet Jihad Express Gaziantep, Turkey appears to have emerged as a city of choice for terrorist financing and human trafficking for the Islamic State (“ISIS“) in the past twelve months. Gaziantep is a city close to the Syrian border and is considered one of the key “porous” border towns, where people and goods illegally sold […]

Ming Pao Newspaper covers diamond smuggling trade from Hong Kong to Vancouver

Tweet Diamond smuggling into Vancouver The Ming Pao Saturday Magazine has an interesting story on the arrest of two men from Hong Kong who attempted to smuggle $120 million worth of diamonds into Canada. The diamonds were strapped to their legs and are believed to be proceeds of crime. The story discusses the issue of […]

Is the ATM Global Network Unwittingly Used for Terrorist Financing?

Tweet We’re pleased to announce that Christine Duhaime is giving a presentation on the issue of “How the ATM Network Globally is Unwittingly Used for Terrorist Financing & Ways to Prevent it” at the 2015 Interac Conference in Ottawa. After a spouse of a member of the Islamic State Tweeted to the world from ar-Raqqah, […]

Court in Canada says despite notice of surveillance, violent offender has expectation of privacy over texts in public casino

Tweet Expectation of privacy In an odd decision out of Canada, a provincial level Supreme Court has ruled that a violent offender gambling at a public casino has an expectation of privacy when using his cellular phone to text despite the fact that gamblers are notified of being under surveillance when entering casinos. The decision […]

2nd Annual ACAMS Conference in Toronto on Anti-Money Laundering

Tweet The ACAMS 2nd Annual AML & Financial Crime Conference Canada in Toronto on June 9-10, 2014 has an interesting and exciting list of speakers and topics. Highlights of this year’s program include: Corruption Presentation – Interpol’s Michel Girodo. Critical Guidance on Anti-Money Laundering Laws – Jamal El-Hindi, Associate Director, Policy Division, FinCEN.  Anti-Bribery Update […]

10th Annual National Money Laundering Symposium at Osgoode Hall Law School

Tweet The agenda is out for the upcoming 10th Annual National Symposium on Money Laundering in Toronto on April 4, 2014. The Symposium includes sessions on the following: Report from Gerald Cossette, Director of FINTRAC on Current Money Laundering and Terrorist Financing Trends in Canada. Financial Institution Lessons Learned from US and Canada on Money […]

Canadian arrested for money laundering after allegedly transporting hundreds of millions by private jet to US & tax havens through lawyer

Tweet Private jets of cash According to an article in La Presse, Martin Grenier, a Canadian from Repentigny, Québec, was arrested in Detroit and charged on February 13, 2014, with money laundering along with two Americans, including a lawyer.  Grenier is alleged to have facilitated the laundering of so much cash, that private jets were used to […]

Canada announces regulation of bitcoin, digital currencies and Internet gambling sites under anti-money laundering laws

Tweet Federal government to regulate bitcoin and other digital currencies As was widely anticipated, the federal government announced today that it will amend federal legislation to require the regulation of digital currencies like bitcoin in order to eliminate the potential risks of digital currencies being used for terrorist financing and money laundering. Interestingly, the proposed […]

1st Canadian official regulatory response to Bitcoin – securities commission issues alert against use of bitcoin highlighting Ponzi and money laundering risks

Tweet Securities regulator issues warning over bitcoin ATMs & threatens prosecution Canada issued it’s first official regulatory response to bitcoin today and it came from the Autorité des marchés financiers which issued an alert to consumers about the use of bitcoin. The Autorité, which is Québec’s securities commission, said in a statement that it will […]