Under the UWO regime, enforcement bodies apply for a court order to force two groups of people at high risk for money laundering - politically exposed persons and people involved in serious criminal activity - to explain their interest in certain property and how they obtained that interest.In addition, the legacy of the E-Pirate money laundering case in British Columbia may make UWOs attractive.
After the last failed UWO, the UK government had to pay a legal bill of over $3 million to an alleged money launderer’s law firm. There is probably zero tolerance for such an outcome in Vancouver. Many years ago, armed with knowledge of chemistry, he set up clandestine labs in California, and cooked crystal meth to service a growing number of addicted youth.
US law enforcement put the Canadian public company out of business, and innocent investors who believed in the truth of the securities law disclosure, lost all their money. The undercover drug operation was such a big deal that US law enforcement agents won a national award for it.And the Vancouver executive who led the public company?
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Source: sherdogdotcom - 🏆 66. / 51 Read more »
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Source: OttawaCitizen - 🏆 21. / 68 Read more »