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[Canadian] watchdog finds $2 billion in suspicious transactions
Tip of the iceberg?The federal agency charged with finding cases of money laundering and "terrorist financing activities" said Friday it has identified $2 billion in suspicious transactions in the past year â triple the previous year's total. The information was contained in the annual report of FINTRAC (the Financial Transactions and Reports Analysis Centre of Canada). The agency was set up in 2000 to look into money laundering and was expanded after the Sept. 11 attacks to include the "detection and deterrence of terrorist financing activity." The report said it had forwarded information on 142 cases to law enforcement and national security agencies in the past year. In 110 cases, the disclosures related to money laundering. The agency said 24 disclosures related to "suspected terrorist activity financing and/or threats to the security of Canada." Eight cases were related to both. Glad someone is noticing these things. Finally. Posted by: Rafael 2005-11-05 |
| http://www.rantburg.com/poparticle.php?ID=134119 |