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 […]

Canadian Real Estate To Government, Organized Crime Infiltrated Everything: Intelligence

Some countries lack corruption and some lack investigations revealing corruption. Canada feels like the latter after the data Criminal Intelligence Service Canada (CISC) shared. CISC might not ring a bell, because they operate largely behind the scenes. They provide law enforcement with intelligence on organized crime groups and track activity. The agency’s 2021 Report on […]

Canada’s Federal Anti-Money Laundering Resources Are Unreliable: BC Public Inquiry

All flash and no (illicit) cash. That was the key takeaway from the Cullen Commission‘s final report looking at BC’s money laundering problem. Despite Canada talking a big game on anti-money laundering, its policies are ineffective. The Commission condemned federal anti-money laundering resources, and found Canada ignored the province’s calls for help. Austin Cullen, who […]