money laundering

The Liberal government has continued to fulfil its promises to the NDP within its second federal budget since the parties struck a confidence-and-supply agreement in March 2022.

Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says.

The failure of a massive, multi-year money laundering investigation to yield charges is a "shocking" example of the shortfalls of federal financial crime law, British Columbia Premier David Eby said on Thursday, March 2, 2023.

No charges will be laid from a money laundering investigation into millions of dollars that moved through British Columbia casinos and Chinese bank accounts in what the province's attorney general called a "frustrating" end to the multi-year police probe.

Canada's financial intelligence agency is stepping up the fight against the illicit wildlife trade by taking aim at the criminals who reap big profits from the global racket.

The RCMP says many tips from Canada's financial intelligence agency about possible crimes "may not get investigated" due to a lack of policing resources and conflicting priorities.

Efforts by Canada's financial intelligence agency over the last three years uncovered activity related to homegrown terrorism, the bankrolling of international terrorist groups and attempts by Canadians to take part in extremism abroad.

British Columbia Attorney General David Eby has announced his bid to become the province's next premier, saying he has secured the support of a large majority of New Democrat members of the legislature.

Money laundering in British Columbia reached "staggering" levels due to inadequate efforts by police, politicians and regulators to curtail the crime, but there was no evidence it involved official corruption, a long-awaited public inquiry report has concluded.

Without a beneficial ownership registry that is publicly accessible, it is difficult to know if a company representative is a tax dodger, a drug trafficker or a recently sanctioned Russian oligarch.

A former director of the British Columbia Lottery Corporation's anti-money laundering office says he is the "whistleblower" that likely prompted the public inquiry examining how hundreds of millions of dollars in illegal cash flowed through the province's casinos.

A senior police officer from the United Kingdom with expertise in money laundering says "underground banking" linked to China has become a significant threat in the U.K. and he believes Canada shares some of the same vulnerabilities.

The federal anti-money laundering centre is exploring artificial intelligence and machine learning to help sort through a deluge of data in the hunt for hidden dirty cash.

Money laundering has distorted British Columbia's economy, fuelled the opioid crisis and overheated the real estate market, the province argued at the start of an inquiry into the criminal activity on Monday, February 24, 2020.

British Columbia's attorney general hopes an inquiry into money laundering will answer lingering questions about how the criminal activity flourished in the province and identify those who allowed it to happen.