Fintrac flags ‘high-risk’ Canadian crypto shops knowingly helping to launder funds for organized crime and Iran-linked groups
Reported by Emma McIntoshInvestigative Reporter, and Sheila WangInvestigative Reporter (Excerpt shared below. To read full report, go to: https://www.thestar.com/news/investigations/fintrac-flags-high-risk-canadian-crypto-shops-knowingly-helping-to-launder-funds-for-organized-crime-and-iran-linked-groups/article_022b408a-8f4f-4de9-9a99-5777be4d46de.html) A broad swath of crypto businesses in Canada are intentionally acting as conduits for money laundering, Iran-linked sanctions evasion and organized crime, the federal anti-money laundering watchdog has found. The alarming conclusion is contained in an internal briefing from the […]