FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Ontario in an investigation that dismantled a significant cannabis distribution network operating across multiple jurisdictions using various distribution methods, including the mail system. Investigators seized a total of 485 kg of dried cannabis, 36 kg of hash, 18 kg of Psilocybin and over 7000 cannabis-infused edibles, cannabis-infused vapes and unstamped tobacco with a total approximate street value of over $5.5 million dollars. RCMP officers also seized $115,360.00 in Canadian currency and one vehicle used in the commission of the offences. 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 in Ontario in an investigation that dismantled a significant cannabis distribution network operating across multiple jurisdictions using various distribution methods, including the mail system. Investigators seized a total of 485 kg of dried cannabis, 36 kg of hash, 18 kg of Psilocybin and over 7000 cannabis-infused edibles, cannabis-infused vapes and unstamped tobacco with a total approximate street value of over $5.5 million dollars. RCMP officers also seized $115,360.00 in Canadian currency and one vehicle used in the commission of the offences. 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