anti-money laundering

The lack of transparency about who owns or controls commercial fishing licences, quota and vessels in Canada makes B.C. fisheries attractive targets for criminals looking to launder money, former RCMP deputy commissioner Peter German cautioned a federal fisheries committee.

Title insurers need to be brought under anti-money laundering rules to fight against scam artists who impersonate homeowners to sell or mortgage their properties, a former insurance executive says.

A former director of the British Columbia Lottery Corporation's anti-money laundering office says he is the "whistleblower" that likely prompted the public inquiry examining how hundreds of millions of dollars in illegal cash flowed through the province's casinos.

The federal government is proposing a change that would require Canada's anti-money laundering agency to be more transparent about banks that break the rules.

FINMA says it investigated 22 breaches of money laundering requirements last year as the Alpine country seeks to combat the growing risk of corruption linked to assets from around the world.

The federal anti−money laundering agency has levied a $1.1−million penalty against an unnamed Canadian bank for failing to report a suspicious transaction and various money transfers.