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
January 27 - As newspapers report that Amway's operation in India is under investigation by that country's government for money laundering, the Ada-based multi-level marketing company says its unaware of any formal probe.
January 27 - The recent indictment of a real estate developer that allegedly obtained loans under false circumstances has brought Denali Alaskan Federal Credit Union some relief.
Lee Baker Jr. has been charged with 14 counts including fraud and money laundering for allegedly making false statement to secure loans from the $444 million credit union in Anchorage. He is facing a maximum penalty of 30 years in prison and a $1 million fine.
January 27 - The casino operators in Goa today refuted the suggestion that casinos could be acting as fronts for money-laundering or for funding the terrorists. The operators, at a joint press conference here, said the annual report by Financial Intelligence Unit (FIU) of Union Finance Ministry had been misquoted in this regard.