money laundering | Duhaime's Anti-Money Laundering & Financial Crime News

U.S. charges 3 Canadians affiliated with PokerStars, Full Tilt Poker and Absolute Poker with money laundering in $3 billion indictment

Tweet The U.S. Attorney and the FBI today unsealed an indictment today charging 3 Canadians with money laundering, bank fraud and illegal gambling in connection with the operation of Internet gambling websites that provide online gambling services to U.S. residents. Eight other individuals, mostly residents of the U.S., were also indicted. The defendants include the […]

Spanish lawyer convicted of money laundering in one of Europe’s biggest money laundering rings

Tweet Spanish lawyer Fernando del Valle, whom we wrote about here, was convicted of money laundering and sentenced to six years in prison and ordered to pay $3.4 million in fines. Authorities believe del Valle laundered up to $250 million through his law firm in Spain’s exclusive Marbella region. The case was one of the […]

Smuggler in Alberta pleads guilty to money laundering

Tweet An Ontario resident, Joseph Butler, pleaded guilty in a Calgary court today to money laundering and failing to report the importation of over $10,000 into Canada. Butler attempted to enter Canada from the U.S. without disclosing that he was carrying US$477,050 in cash. The cash was concealed in at compartment in a horse trailer […]

Afghan money exchange businesses targeted by Treasury Department

Tweet The U.S. Department of the Treasury has designated two money services businesses in Afghanistan, the New Ansari Money Exchange (and its alleged founder Haji Abdullah Ansari) and the Ahmad Shah Money Exchange (and its alleged owner Ahmad Shah Hakimi), as major money laundering vehicles that facilitate the trafficking of drugs out of Afghanistan. The […]

Tamil group assets forfeited in Canada

Tweet The assets of two Tamil groups with alleged ties to the Liberation Tigers of Tamil Eelam (LTTE) were ordered forfeited to the federal government of Canada by the Federal Court of Canada because the assets were owned or controlled by a terrorist group. The two groups, World Tamil Movement of Ontario and World Tamil […]

Casinos and money laundering – a quick primer

Tweet Do Criminals Launder Money at Casinos? Media and enforcement agencies are awash with statistics intended to describe the extent of money laundering at casinos in Canada and elsewhere around the world. Due to the ubiquitous nature of the activity, it is nearly impossible to produce accurate statistics on the extent in which this activity […]

Ontario Court of Appeal upholds extradition of former refugee accused of terrorism and money laundering in U.S.

Tweet The Ontario Court of Appeal has upheld an order extraditing Suresh Sriskandarajah, also known as “Waterloo Suresh”, to the U.S. to face allegations of terrorist financing and money laundering. Sriskandarajah is a Sri Lankan former refugee who immigrated to Canada twenty years ago. He was arrested in 2006 as a result of a joint […]

Former Winston & Strawn lawyer arrested for money laundering

Tweet Jonathan Bristol, a former partner at Winston & Strawn LLP in New York, pleaded not guilty in a Manhattan court yesterday to charges of laundering more than US$20 million through two firm escrow accounts to allegedly help Kenneth Starr, a former lawyer, defraud his celebrity clients. Prosecutors allege that Mr. Bristol used the accounts […]

A primer on human trafficking, human smuggling and money laundering

Tweet Human Trafficking & Money Laundering Human trafficking is the second largest illicit business in the world, after drug trafficking, generating as much as US$40 million annually in proceeds of crime that are laundered through the legitimate financial system. It is a modern form of slavery, defined as any act that involves the transport, harbouring, […]

Quebec introduces anti-money laundering law

Tweet The Quebec government has introduced new legislation to fight money laundering at the provincial level in the Assemble nationale. Bill 128, an Act to Enact the Money Services Businesses Act, will require that persons operating ATMs or providing currency, exchange, funds transfer, travellers cheque issuing and cashing, bank drat issuance or cheque cashing services, […]