Empty properties: Money laundering and housing affordability in GTA
“It (money laundering) keeps pushing the marginal price of a condominium or a house higher and higher,” Dent said. Continue reading
FinTRAC
Federal government to ‘co-operate’ fully in B.C. public inquiry into money laundering
By Richard Zussman Online Journalist based at B.C. Legislature
The Federal government is promising support for B.C.’s public inquiry into money laundering but can’t guarantee all federal officials will testify. Continue reading
Edmonton police charge 2 people with theft of $580K worth of oil and gas chemical
A 49-year-old man and a 44-year-old woman have been charged in connection with the alleged theft of US$580,000 worth of an oil and gas chemical, Edmonton police said on Tuesday. Continue reading
Toronto man arrested with $1M in cash may have ties to international money launderer. Now, he’s allegedly fled Canada
North York currency exchange owner named Farzam Mehdizadeh was arrested in 2016 with more than $1 million in cash during a traffic stop. Now he has reportedly left the country. Continue reading
How Canada allowed Quadriga’s CEO to manage $180M from his laptop with no backup
Customers of Canadian crypto exchange QuadrigaCX stand to lose millions. Where were regulators? Continue reading
Banks told to watch for signs of ‘extremist travellers’ returning to Canada
The reactivation of a dormant bank account linked to an “extremist traveller” may indicate that he or she is preparing to come back to Canada, FINTRAC said in its first-ever Terrorism Financing Assessment. Continue reading
Jon McComb: A public inquiry is the antidote to Canada’s money-laundering problem
The rot has set in, and the only solution is to expose the whole system to sunlight, writes Jon McComb. Continue reading
‘It’s a crisis’: B.C. attorney general responds to report linking drugs, money laundering, real estate
By Simon Little Online Journalist
The scheme has come to be known internationally as the “Vancouver model” of money laundering. Continue reading
B.C. hoping for more support from Ottawa to crack down on money laundering
By Richard Zussman Online Journalist based at B.C. Legislature
B.C. Attorney General David Eby is asking for Ottawa’s help when it comes to cracking down on what he calls the ‘serious issue in casinos’ of money laundering. Continue reading
Fentanyl traffickers laundering money through Canadian banks: watchdog
Traffickers are exploiting Canadian money service businesses to buy fentanyl from overseas and launder the proceeds through banks and credit unions, warns the national financial intelligence agency. Continue reading