FINTRAC’s financial intelligence was recognized by the Regina Police Service in a money laundering investigation. During the investigation, police uncovered information leading them to believe that an individual was involved in laundering money for a drug trafficking operation. In conducting further searches, the police uncovered additional and unrelated evidence of money laundering and fraud totaling millions of dollars. As a result of the investigation, two individuals have been charged with fraud and laundering the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.FINTRAC’s financial intelligence was recognized by the Regina Police Service in a money laundering investigation. During the investigation, police uncovered information leading them to believe that an individual was involved in laundering money for a drug trafficking operation. In conducting further searches, the police uncovered additional and unrelated evidence of money laundering and fraud totaling millions of dollars. As a result of the investigation, two individuals have been charged with fraud and laundering the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations. Read More