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 - An Iranian businessman who owns shares and sits on the board of a private Tehran-based company that has been sanctioned by Canada for co-ordinating the transport of weapons to Russia has a registered company in British Columbia, The Fifth Estate has learned. In the latest corporate records filed in Iran's official journal, Mohammad Bagher Nahvi is listed as deputy chair of Safiran Airport Services.
January 26 - The FBI and international partners have at least temporarily dismantled the network of a prolific ransomware gang they infiltrated last year, saving victims including hospitals and school districts a potential US$130 million in ransom payments, Attorney General Merrick Garland and other U.S. officials announced Thursday. "Simply put, using lawful means we hacked the hackers," Deputy Attorney General Lisa Monaco said at a news conference.
January 26 - FOR YEARS, THE cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is written into a blockchain’s permanent, unchangeable ledger. But new evidence suggests that years of advancements in blockchain tracing and crackdowns on that illicit underworld may be having an effect—if not reducing the overall volume of crime, then at least cutting down on the number of laundering outlets, leaving the crypto black market with fewer options to cash out its proceeds than it’s had in a decade.
January 25 - U.K. online gambling company Intouch Games Ltd. has been fined the equivalent of $7.6 million after a regulator cited a series of failures in its program to prevent money laundering. The U.K.’s Gambling Commission on Wednesday announced the £6.1 million penalty for Intouch, the third action the regulator has taken against the company since 2019.