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

October 27 - HOUSTON (KTRK) - A Houston-based rapper was arrested on charges stemming from money laundering, delivering marijuana and organized crime. Officials say he was part of the "Kream Clicc Gang."
October 26 - New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank’s latest rankings, but money laundering experts warned the honor masked the darker side of the Pacific nation’s vulnerability as a channel for illegal funds. In its annual “Doing Business” report released on Tuesday, the World Bank cited tax improvements as a key reason for moving New Zealand to the top spot from its previous runner-up position.
October 25 - The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions on cyber-events and cyber-enabled crime. Cybercriminals target the financial system to defraud financial institutions and their customers and to further other illegal activities. Financial institutions can play an important role in protecting the U.S. financial system from these threats. In addition to the advisory, FinCEN has issued Frequently Asked Questions (FAQs) regarding the reporting of cyber-events, cyber-enabled crime, and cyber-related information through Suspicious Activity Reports.
October 24 - A San Mateo man was charged in a federal indictment for his alleged role in a scheme to commit insider trading and money laundering, U.S. Department of Justice officials said Thursday. According to an indictment returned Wednesday, when Christopher G. Salis, 39, was a global vice president of the software corporation SAP, based in the company's Palo Alto office, he disclosed confidential information about SAP's acquisition of the travel management company Concur to Douglas M. Miller of Dyer, Indiana.
October 24 - Sri Lanka's Financial Intelligence Unit has entered into an agreement with the Inland Revenue Department to fight money laundering and terrorist financing, the country's Central Bank said in a statement on Monday. The agreement is to exchange information in order to facilitate investigations and prosecutions on money laundering and terrorist financing.