28 Feb 2017
Published in News

Canada: Manulife revealed as bank fined $1.15M for violating anti-money laundering reporting rules

The head of Canada’s financial crime watchdog agency is second-guessing his decision last year to withhold the name of a bank — which CBC Investigates has identified as Manulife Bank of Canada — fined $1.15 million for not reporting hundreds of transactions it was obligated to report under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

06 Jan 2017
Published in News

China’s anti-money-laundering rules could burst Canada’s real-estate bubble

China has adopted stringent new anti-money-laundering rules that will make it nearly impossible for small investors — for example, middle-class families who pool their savings — to get their money out of the country in order to buy condos in Canada’s superheated property market (not just Canada, of course!).