Tweet Canada was listed as a jurisdiction of money laundering concern by the U.S. Department of State in its annual International Narcotics Control Strategy Report, available here. Other jurisdictions of concerns include Columbia, Brazil, Afghanistan, Venezuela, Mexico Russia and Somalia. The findings are similar to those reported by the U.S. Department of State in its […]
Tweet The Canadian government announced that it is undertaking a potentially significant revision to its anti-money laundering (AML) and counter terrorist financing (CTF) regime. The proposed changes are in addition to those proposed by the government in November 2011. In its Consultation Paper entitled “Strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime”, the government is […]
Tweet On November 7, 2011, the Department of Finance released a consultation paper on proposed amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (the “Regulations”).
Tweet The Supreme Court of Canada has granted leave to Mohammed Khawaja to appeal the decision of Ontario Court of Appeal that upheld his conviction for terrorist activity financing and other terrorism-related charges under the Anti-Terrorism Act. The Ontario Court of Appeal called Khawaja’s initial 101/2 year sentence manifestly unfit and substituted it for a sentence of […]
Tweet The indictment in the U.S. against eleven people associated with PokerStars, Full Tilt Poker and Absolute Poker, including Canadians Isai Scheinberg, Nelson Burtnick and Ryan Lang, has been made public.
Tweet According to this article in the Vancouver Sun, one of the Tamil migrants who arrived in Canada last August aboard the MV Sun Sea, has admitted that he worked for the Liberation Tigers of Tamil Eelam (LTTE) as a mechanic and helped them dig bunkers in Sri Lanka. The LTTE is a designated terrorist […]
Tweet The Financial Crimes Enforcement Network has issued an advisory to U.S. financial institutions to take special precaution when dealing with funds from Tunisian politically exposed persons because of the increased money laundering risk if those funds are from the proceeds of crime (e.g., misappropriated or diverted State assets, proceeds of bribery, public corruption or […]
Tweet The assets of two Tamil groups with alleged ties to the Liberation Tigers of Tamil Eelam (LTTE) were ordered forfeited to the federal government of Canada by the Federal Court of Canada because the assets were owned or controlled by a terrorist group. The two groups, World Tamil Movement of Ontario and World Tamil […]
Tweet Do Criminals Launder Money at Casinos? Media and enforcement agencies are awash with statistics intended to describe the extent of money laundering at casinos in Canada and elsewhere around the world. Due to the ubiquitous nature of the activity, it is nearly impossible to produce accurate statistics on the extent in which this activity […]
Tweet On September 30, 2010 one of the landmark abuse of dominance cases in Canada was settled after approximately four years of investigation by the federal Competition Bureau and negotiations with The Canadian Real Estate Association, one of the largest single industry trade associations in Canada. The Consent Agreement entered into between the Competition Bureau […]