Search results
Results from the WOW.Com Content Network
Money laundering in Canada is a problem described by professionals in 2019 as a "national crisis," and which has attracted international attention. [1] As of July 2022, a public inquiry is currently being held to gauge the extent of the problem.
The commission is mandated with examining whether systemic regulatory failures allowed money laundering to take root in BC casinos and real estate. [4] The commission collected testimony of 200 witnesses, including former Premier Christy Clark [5] and former gaming minister Rich Coleman, [6] in an investigation that took place over more than 130 days. [7]
Jean Chrétien — Prime Minister of Canada (1993-2003) at the time that the Sponsorship Program was established and operated. The Gomery Commission's First Phase Report, which assigned blame for the Sponsorship scandal, cast most of the indemnity for misspent public funds and fraud on Chrétien and the Prime Minister's Office (PMO) staff, though it cleared Chrétien himself of direct wrongdoing.
Corruption in Canada is the use of political power for private gain by Canadian government officials.. Canada has had the distinction of being the least corrupt government in the Americas as measured by the Corruption Perceptions Index; Canada's 2023 score of 76 is the first increase (after a slow decline to 74 in 2022) since Canada's highest score of 84 in 2012, when the current version of ...
Wells Fargo Advisors, a subsidiary of banking giant Wells Fargo & Company, has agreed to pay $7 million to settle charges that it violated federal anti-money laundering statutes by failing to file ...
Membership fees from across Canada were used to fund at least one of these slush funds. [7] The existence and purpose of these slush funds were discovered during the Hockey Canada sexual assault scandal in 2022. [8] $7.6 million in 11 sexual assault settlements were paid out by these funds between 1989 and 2022. [9]
It had found an ex-employee of the bank guilty of money-laundering, and Credit Suisse of failing to do enough to stop the gang from laundering profits through the lender from 2004 to 2008.
Two Indian chemical companies have been indicted for allegedly importing ingredients for the highly addictive opioid fentanyl into the United States and Mexico, the U.S. Department of Justice said ...