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

September 28 - Bangladesh is now compliant with international standards in terms of anti‐money laundering and countering the financing of terrorism, which according to the central bank would reduce the cost of doing business. “Bangladesh’s rating is better than countries like Norway, Sri Lanka and Fiji. To some extents, our position is better than developed countries like Australia,” Abu Hena Mohammad Razee Hassan, deputy governor of the Bangladesh Bank (BB), told reporters at a press conference at the central bank today.
September 27 - The chair of the Ottawa Chamber of Commerce is among 12 individuals named in a U.S. government investigation into “organized money laundering.” The allegations span from a multi-pronged investigation led by the Justice department into fraudulent mass mailings that have targeted millions of vulnerable U.S. citizens.
September 26 - STATE DEPARTMENT — The United States has announced criminal charges and economic sanctions against a Chinese company for alleged support of North Korea’s nuclear weapons program. Dandong Hongxiang Industrial Developmental Company Limited (DHID), as well as its chairwoman Ma Xiaohong and three top executives, were charged with conspiring to evade sanctions against North Korea, including by facilitating money laundering through U.S. financial institutions.
September 23 - The U.S. Department of Treasury has named a a relatively unknown Vancouver company with offices downtown as a “significant transnational criminal organization,” which has helped to defraud Americans of hundreds of millions of dollars. The allegations against PacNet Services Ltd., which have not be proven in court, came during a press conference with U.S. Attorney General Loretta Lynch.
September 22 - U.S. federal prosecutors just won’t let go of their three-year-old criminal action against alleged beneficiaries of stolen and laundered Russian taxpayer money. It was launched as part of what’s known as the Magnitsky Affair, a contentious story of scandal, cover-ups and smear campaigns that dates back more than a decade. Over the years, the Kremlin has used every tool it can, including the fate of Russian orphans who might be adopted by Americans, as it tries to thwart calls for justice from the U.S. Congress and the administration.