Canadian Anti-Money Laundering Reporting Systems Still Down Post-Hack

Canada recently suffered a setback fighting its reputation as a global money laundering hub. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the country’s financial crimes intelligence agency, disclosed a cyber incident in March. Nearly two months later, the country’s financial crimes intelligence agency still hasn’t got 100% of its systems back up and […]

An “Ultra Violent Cult” Is Stealing Cars & Using Canadian Real Estate To Launder: FINTRAC

Canadian real estate, an “ultra violent cult,” money laundering, and Toronto’s stolen cars. Sounds like a spy thriller, but that’s reality in Canada, according to FINTRAC. In 2017, the financial intelligence agency assessed the money laundering threat of an organized crime group called Black Axe. The group infiltrated the government, conducts mass fraud, and runs […]