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

May 29 - A hacker who took control of the sanctioned crypto mixer Tornado Cash has relinquished power over the service while also using the protocol to launder the digital tokens plundered during the attack. The exploiter stole 483,000 of the protocol’s native TORN coins and swapped a large part of the stash into Ether before laundering 472 of the latter — worth about $900,000 — through Tornado Cash, according to research firm Nansen.
May 27 - Nicaraguan police said on Saturday they are investigating several dioceses of the Catholic Church for money laundering, a day after local media reported that the bank accounts of parishes in the Central American country had been frozen. The police, loyal to the government of President Daniel Ortega which has clashed fiercely with Nicaragua's bishops, said that since May 19 they found "hundreds of thousands of dollars" in Church facilities in various parts of the country.
May 25 - A Montreal man says TD Bank did not do enough to protect him from a scam that cost him $13,000 after fraudsters made a cash advance on his credit card. A few weeks ago, Shabetai Shattah said he got a call about suspicious activity on his credit card from someone posing as an employee with TD Visa.
May 24 - Since 1999, nearly one million people in the United States have died from drug overdoses, with an increasing share of those deaths coming from opioids specifically. The year 2020 saw new highs with approximately 69,000 opioid-related deaths, 82% of which involved synthetic substances such as fentanyl. Similarly, the CDC reported a significant increase in law enforcement encounters involving positive tests for fentanyl, beginning in 2013. These statistics indicate that fentanyl is causing significant harm to U.S. citizens.