FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police (RCMP) Federal Policing Northwest Region’s Integrated Market Enforcement Team in Calgary. The president of a former Edmonton-based company is alleged to have misappropriated more than $10 million in investor funds, with a portion transferred to cryptocurrency exchanges. The RCMP have charged the accused with laundering the proceeds of crime and fraud. 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 Royal Canadian Mounted Police (RCMP) Federal Policing Northwest Region’s Integrated Market Enforcement Team in Calgary. The president of a former Edmonton-based company is alleged to have misappropriated more than $10 million in investor funds, with a portion transferred to cryptocurrency exchanges. The RCMP have charged the accused with laundering the proceeds of crime and fraud. 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