money laundering compliance solutions

Canada's anti-money laundering legislation directly impacts on over one million businesses and professionals.

ABCsolutions was established to assist Canadian individuals and organizations to meet the challenge of developing and maintaining an effective anti-money laundering compliance program as mandated under Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Latest News

December 06 - On October 18, 2019, the Financial Action Task Force (FATF) issued a Public Statement and a statement on Improving Global Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Compliance. These statements are updated and released following every Plenary. The Public Statement identifies jurisdictions for which the FATF has called on its members to apply countermeasures or enhanced due diligence. The Improving Global AML/CFT Compliance statement identifies those jurisdictions which have developed an action plan with the FATF to address their strategic AML/CFT deficiencies.
December 03 - Slovak authorities have charged two employees of the state-run Tipos national lottery on charges of violating their duties and money laundering, the Slovak Spectator reported. Slovak national lottery was used for money laundrering. (Credit: Max Pixel) The CEO of the lottery, Ján Barczi, and the head of the IT department, Miloš Prelec, were charged Monday, the Spectator reported.
December 02 - Metro Vancouver properties valued at nearly $10 million remain in the hands of people prosecuted in the U.S. for money laundering, Postmedia has learned. Three properties were discovered during Postmedia’s compilation and analysis of 12 cases — reported Saturday — of money laundering in real estate in British Columbia dating back nearly 30 years.
December 02 - The charges surrounding Westpac’s alleged 23 million breaches of anti-money laundering laws have been called “about as serious as it gets”. They include, in the words of Home Affairs Minister Peter Dutton, giving “a free pass to paedophiles”. But the Westpac case obscures another serious issue: the anti-money laundering system’s compliance focus has a puny impact on crime, including child sex trafficking.
December 01 - Not all money laundering scandals are equal. When the world learned that billions in dirty funds had flowed through Danske Bank A/S and Swedbank AB, it proved disastrous for the two lenders. But when SEB AB was accused of similar offenses, people were more forgiving.
November 29 - It started with a huge hash bust. Following up on a tip, the RCMP set up a stakeout and pounced when a freight truck left a warehouse on Mitchell Island in Richmond.
November 28 - The International Monetary Fund will examine efforts by Nordic banks and regulators to stop money laundering in the region and the Baltic countries, Sweden's central bank said on Thursday, following a string of alleged lapses. Nordic banks have been hit by a steady stream of allegations over failures to combat money laundering in the Baltics, which have sent shares in Sweden's Swedbank and SEB and Denmark's Danske Bank tumbling.