Tuesday, January 20, 2015

Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act



The cash was seized under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Border guards have seized more than $38,000 from a man at the Calgary International Airport under a federal anti-terrorism law.
The man who was heading to the Middle East on Jan. 15 declared he was travelling with $9,000, the Canada Border Services Agency (CBSA) said in a release.
But officers found another $18,000 in his jacket and carry luggage plus about $20,000 packed into his checked luggage, officials said.
All of the currency was in Canadian $20 bills.
The cash was seized under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
“The man had a low level of income in comparison to the large sum of cash in his possession, and was unable to demonstrate to officers that he had legitimately obtained the money,” CBSA said in a release.
The investigation continues.
Last year CBSA officers in Calgary seized more than $376,000 in suspected proceeds of crime in 20 incidents.

No comments:

The Best Online Last Will And Testament Website

PartingWishes.com - Write a will, power of attorney or living will (Click here)
No lawyer required.  Just answer the simple questions to create your legal documents online.
Make updates at any time free of charge.  Lawyer approved, at one-tenth the cost.
Also offers FREE services to create your funeral wishes, last messages and online memorials.

amazon deals 2

Live Face On Web

CNN.com - Most Popular

Oddee -

CNN.com Recently Published/Updated