A Montana man plead guilty on Tuesday to defrauding a Canadian financial institution of US$43 million by convincing it to lend him the money after he lied about his business.
Only in 2014 Canadian companies avoided paying up to C$11.4 billion (US$8.53 billion) in taxes, the Canadian Revenue Agency (CRA) revealed in its latest audit report that was published on Tuesday.
A brief Parliamentary exchange between Liberal Prime Minister Justin Trudeau and the leader of the New Democratic Party, Jagmeet Singh, on Tuesday provides a glimpse into the politicization of the country’s money laundering crisis, whose depth and scale, while a longtime “open secret”, was only more recently made public.
Canadian engineering company SNC-Lavalin was informed last week that the bribery charges against it would reach trial, thwarting the company’s hopes that it would be able to settle the politically-loaded case out of court.
A Canadian manufacturing giant allegedly paid millions of dollars of bribes to win a contract in Azerbaijan--and then obstructed a World Bank investigation into its wrongdoing, according to internal World Bank documents obtained by the Globe and Mail last week.
Canadian authorities are failing to catch 99.9 percent of money laundering in the country which means that US$75 billion to $100 billion of dirty money from all over the world are laundered through Canada each year, according to the author of a policy brief released Monday.
Construction and real estate development are the business sectors globally most exposed to corruption, according to a new report by Risk Advisory, a London-based consultancy.
Another Canadian cabinet member resigned Monday after she said she had “lost confidence” in the administration’s managing of a corruption inquiry that has taken Prime Minister Justin Trudeau’s government by storm.
Royal Canadian Mounted Police arrested 17 people in connection with an international money laundering scheme, seizing vast quantities of drugs and cash, in an early morning raid on Monday. Three other members of the network remain at large, said the RCMP.
China is demanding Canada immediately release the chief financial officer of Chinese telecoms giant Huawei, who was arrested on unspecified charges in Vancouver Saturday and now faces possible extradition to the United States.
Internal memos circulated among federal officials in Canada reveal that the government continues to doubt the infiltration of organized crime networks into the legal cannabis industry despite investigations that have found shady money in legal marijuana enterprises, local media reported.
An Italian national with ties to Canadian chapters of the ‘Ndrangheta mafia has been found guilty of corruption and sentenced to 30 years in prison in Italy, The Toronto Star reported Wednesday.
British Columbia is going to crack down on large-scale transnational money laundering in its casinos that is tied to the opioid trade.
Russia has announced it will retaliate against Canada after Ottawa blacklisted on Friday 30 Russian officials alleged to be connected to the death of whistleblowing lawyer Sergei Magnitsky and a massive tax fraud scheme he uncovered.
Only two days after she received the “Alternative Nobel Prize,” Azerbaijani investigative reporter Khadija Ismayilova was on Thursday presented the prestigious2017 Allard Prize for International Integrity.
A US court sentenced on Wednesday a retired officer of the Royal Canadian Mounted Police to five years and two months in prison for laundering money obtained from the illegal import of hundreds of narwhal tusks from Canada.
Serbia’s Defense Minister, Aleksandar Vulin, told the country’s anti-corruption agency that his wife’s aunt from Canada lent the couple US$ 245,000 to buy their Belgrade apartment, but submitted unconvincing evidence for his claim, Crime and Corruption Reporting Network (KRIK) reported Monday.
The financial sector has "underutilised tools" at its disposal to prevent and disrupt human trafficking and modern slavery, according to a new report by a UN think tank published Tuesday.
A new multinational effort was launched Wednesday to tackle grand corruption, a criminal category that can include bribery of public officials, embezzlement, abuse of power and money laundering of proceeds from crime.
The Lithuanian Parliament on Thursday introduced the Magnitsky Legislation which prevents persons involved in human rights abuses, money laundering and corruption from entering the country.
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