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

August 29 - Australian Transaction Reports & Analysis Centre (AUSTRAC) has established a new cyber team that will focus on identifying financing activities, money laundering and financial fraud. The announcement about the new cyber team was made recently by Minister for Justice Malcolm Keenan. He said that the initiative forms part of the Australian Government's Cyber Security Strategy, announced by the Prime Minister in April.
August 29 - Two men, a 41-year-old Mexican citizen and a 53-year-old US citizen, were taken into custody after agents, who suspected their two vehicles to be traveling in tandem, stopped and searched the vehicles. One car had vacuum-sealed bundles of $33,880 in cash in the center console, while the other had $3 million in cash packaged in eight boxes in the trunk.
August 27 - Friday, following the American authorities decision to halt any money transfers to Haiti from November 2016 if corrective measures are not taken on money laundering, the Ministry of Justice organized in conjunction with the Bank of the Republic of Haiti a panel meeting on the "economic and financial challenges against the money laundering and terrorist financing" in order to assess the risks faced by Haiti. Camille Junior Edouard, the Minister of Justice has tried to reassure the population and called the stakeholders to action by asserting "We will do everything in our power to ensure that the nation does not have to pay this heavy burden and we call on the responsibility of all actors in economic and judicial system in this battle against the scourge of money laundering."
August 27 - The Central Bank of Nigeria (CBN) has directed commercial banks to conduct Know Your Customers’ Businesses (KYCB) to ensure customers do not transact illegal or illicit remittances through the banking industry. The CBN gave the directive to authourised dealers, mainly banks, on Friday in a circular signed by the Acting Director of Trade And Exchange Department, Mr W.D Gotring and titled, “Illicit international money remittances through the banking system’’.
August 26 - The Government of Panama rejected today the remarks of the Department of Financial Services of New York (NYDES), of the United States, as a high-risk jurisdiction for money laundering. The Minister of Economy and Finances Dulcidio De la Guardia told reporters he received an official communique of the U.S. Treasury Department or the State of New York, rejecting the remark.