Tweet Billionaire money launderer executed According to the Washington Post, billionaire banker Mahafarid Amir Khosravi was executed today in Tehran for bank fraud and money laundering. He is alleged to have forged letters of credit with the assistance of bank managers from the Melli Bank to start a private bank called Aria Bank. Iranian courts found […]
Tweet Although Canadian economic sanctions have been in place for years, until now Canada has never prosecuted any company for sanctions violations. That changed earlier this month when Lee Specialities Ltd., a Calgary based company, was charged with violating Canadian (and UN) economic sanctions by exporting goods to Iran that could be used for nuclear devices. […]
Tweet Canada a Major Money Laundering Country but A Lot Less So The 2014 International Narcotics Control Strategy Report (INCSR) published this month by the U.S. Department of State identifies Canada as a major money laundering country along with, among others, Afghanistan, Brazil, Cambodia, Cyprus, Dominican Republic, Guernsey, Jersey, Hong Kong, Libya, Mexico, Macau and […]
Tweet Ross Ulbricht, allegedly the Dread Pirate Roberts and owner of the website Silk Road, was arrested by the FBI in San Francisco today at a public library and his popular website was shut down. Silk Road was an Internet-based website that accepted Bitcoin. Ulbricht was charged with money laundering conspiracy, computer hacking conspiracy and […]
Tweet Canadian funds carried by money mule to China The Court of Appeal for Hong Kong has upheld the money laundering conviction of a woman who acted as a money mule to China, and increased her sentence to two years. The decision, HKSAR v. Ngai Fund Sin Apple is one of a series of criminal […]
Tweet The Auditor General of Canada, Michael Ferguson, released his Spring 2013 Report (the “Report“) today and among the key findings, found that $3.1 billion in funding to programs to combat terrorism in Canada is unaccounted for. Moreover, the Report found that some of the $12.9 billion approved for fighting terrorism in Canada went to pay […]
Tweet Anti-Money Laundering Laws Infringe Independence of Bar The Court of Appeal for British Columbia ruled today that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, as it applies to lawyers in that province, interferes to an unacceptable degree with the independence of the Bar as a principle of fundamental justice, and as a consequence, […]
Tweet The 2013 International Narcotics Control Strategy Report (“INCSR“) published this month by the U.S. Department of State, particularly volume I on the drug trafficking trade, is more favourable of Canada than the last two years, primarily as a result of the enactment in Canada of the Omnibus Crime Bill C-10, know as the Safe Streets […]
Tweet As anticipated, the federal Justice for Victims of Terrorism Act (the “Act“) came into force in Canada on March 13, 2013 without much fanfare. The Act creates a cause of action that allows victims of terrorism to sue natural and legal persons (and of particular interest, listed entities) and certain foreign states, in a Canadian court […]
Tweet Canada’s Minister of Justice and Attorney General has ordered the extradition of Canadian Sociology professor Hassan Diab to France to face charges of murder, attempted murder and destruction of property related to the 1980 terrorist attack on a synagogue in Paris that killed 4 people, and injured 40 others. The terrorist attack was anti-semitic and […]