Analysis of Money Laundering Cases in Canada Published

In March 2004, the Nathanson Centre for the Study of Organized Crime and Corruption published a study that provides a comprehensive review of money laundering cases in Canada. Updating a prior study prepared in 1990 when the author worked for the Solicitor General Canada, the cases show recent trends and also developments since Canada enacted in 2000 the Proceeds of Crime (Money Laundering Act), which required the reporting of all transactions where there exists "reasonable grounds" to suspect that they are related to money laundering, other prescribed transactions, and large international movements of currency and monetary instruments. The legislation also established the Financial Transactions and Reports Analysis Center of Canada (FINTRAC) to collect and analyze those financial transaction reports and to disclose pertinent information to the police and other competent authorities...[more]