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

April 19 - A former West Ham starlet and England youth team prospect has been charged by the Metropolitan Police with fraud-related offences. Blair Turgott, 22, was charged with one count of fraud by false representation and one count of money laundering, or converting criminal property. The charges, issued as part of Operation Falcon, the Met's taskforce for fraud and linked online crimes, require that Turgott - a winger currently on the books for National League conference outfit Bromley FC - appears before Westminster Magistrate's Court on Friday April 28th.
April 18 - The fraudulent use of the financial system to conceal or disguise illicit financial flows caused financial losses to the Mozambican state estimated at 1.887 billion meticais (US$26.4 million) in 2016, according to a report from the Attorney General’s Office (PGR). In the report, which will be presented to the Mozambican parliament, the PGR says that suspected fraudulent uses of the financial system include situations such as the inflows of cash from criminal activity, such as misappropriation of state funds, abductions, human trafficking, trade of narcotics and psychotropic substances and parts of protected species.
April 18 - British police on Tuesday arrested Indian business tycoon Vijay Mallya in London on behalf of authorities in India, where he is wanted on charges of money laundering and bank demands that he pay back nearly a billion pounds in loans extended to his now-defunct airline. Mallya was arrested after showing up in a police station and will appear in court for a preliminary hearing later Tuesday, said a statement from the Metropolitan Police in London.
April 18 - FINANCE minister Patrick Chinamasa has disclosed that several trust accounts were being investigated by the Reserve Bank of Zimbabwe’s (RBZ) financial intelligence unit, amid suspicion that they were involved in money-laundering activities. In a ministerial statement issued last week, Chinamasa said the RBZ’s probe team had received a total of 474 suspicious transaction reports involving trust accounts run by professional bodies.
April 18 - Irish racing’s ruling body has said it doesn’t believe there is an issue with the sport being used to launder money from the proceeds of crime. Reports that the Criminal Assets Bureau are investigating a gang suspected of laundering profits from criminal activity through the purchase of racehorses included the suggestion that one member of that gang part-owned a recent Grade One winner over jumps.
April 13 - The Hong Kong Monetary Authority (HKMA) fined the private British bank Coutts HK$ 7 million (US$ 900,000) Tuesday for breaching anti-money laundering rules, after the bank had been hit with similar fines in Switzerland and Singapore for its connection to Malaysia’s 1MDB scandal. The HKMA claims that, between 2012 and 2015, Coutts’ Hong Kong branch failed to set up adequate procedures to identify clients at high risk of corruption and money laundering.