FinTRAC
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Crowdfunding sites must now report transactions to Canada’s financial crimes watchdogThe convoy protests that gripped Ottawa in January and February resulted in a near-complete shutdown of the downtown core, which is heavily residential, and lead to many arrests.CanadaMay 4
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As Canada’s home prices soared during COVID-19, real-estate money laundering audits fell 64%As nearly half a billion dollars in sales flooded the Canadian housing market last year, audits conducted by Canada’s anti-money laundering watchdog plummeted during COVID-19.CanadaFeb 2
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Canada needs U.S.-style racketeering laws, current organized crime laws failing, B.C. AG tells FedsB.C. Attorney General David Eby, troubled by Canada’s inability to prosecute international drug cartels and vast money laundering operations, has urged federal public safety minister Bill Blair to institute the U.S.-style racketeering laws that are credited for dismantling New York City’s powerful Mafia families. And some Canadian experts on the transnational gangs active in Toronto...InvestigationsAug 19, 2021
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RCMP warned B.C. govt capital flight from China related to organized crime and drug cartels: inquiryThe RCMP officer warned that 'we also know the cartels are close to Chinese networks.' But the BC Lottery Corporation didn't share the RCMP's concern, the Cullen Commission heard.Feb 12, 2021
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BC Lottery Corp. CEO ignored federal anti-money laundering direction on bags of cash: inquiryCommission lawyers have been building the case that Lottery Corp. and casino managers sought revenue from foreign high rollers despite warnings of money laundering at B.C. casinos.CrimeFeb 11, 2021
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How do we follow the money? Canadian real estate gets ‘abysmal’ anti-money laundering gradesAn internal report from Canada’s anti-money laundering watchdog found nearly half of real estate professionals weren’t complying with key areas of the country’s anti-money laundering program.MoneyMar 2, 2020
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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.PoliticsJul 11, 2019
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Federal government to ‘co-operate’ fully in B.C. public inquiry into money launderingThe Federal government is promising support for B.C.'s public inquiry into money laundering but can't guarantee all federal officials will testify.CrimeMay 17, 2019
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Edmonton police charge 2 people with theft of $580K worth of oil and gas chemicalA 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.CrimeApr 2, 2019
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Toronto man arrested with $1M in cash may have ties to international money launderer. Now, he’s allegedly fled CanadaNorth 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.CanadaFeb 28, 2019
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