Media
Kim Marsh in the Press
Vancouver has become a 'critical money laundering hub' for international criminals, experts say
Vancouver is “emerging as a critical money laundering hub” for international criminals, due to a convergence of factors including drug money, international connections, an active port, and a hot real estate market, experts say... Read More
Meet the mysterious tycoon at the centre of half-a-billion in B.C. property deals
A Chinese property tycoon linked to a massive banking scandal in China’s industrial north is at the centre of more than $500 million in B.C. property deals, a joint investigation by Postmedia and global due diligence firm IPSA International shows... Read More
Panama Papers reveal Canada's top offshore middleman, Fred Sharp of Vancouver, linked to fraudster
A Vancouver company led by former lawyer Fred Sharp created more Canadian-linked offshore companies using Mossack Fonseca than any other Canadian middleman, and stood up for a convicted fraudster, according to a joint CBC News/Toronto Star investigation based on the Panama Papers... Read More
Real estate bought with offshore cash raises money laundering concerns
A report prepared for Canada's anti-money laundering watchdog points to offshore cash in the real estate sector as a "significant risk" for criminal wrongdoing... Read More
Ottawa will attempt to close Fintrac lawyer loophole
The federal government will try to close a loophole in Canada’s anti-money laundering system that excludes lawyers from having to report suspicious transactions, Postmedia has learned.... Read More
Mysterious wheeler-dealer is at centre of a web of B.C. real estate deals
A Chinese property tycoon linked to a massive banking scandal in China’s industrial north is at the centre of more than $500 million in B.C. property deals, a joint investigation by Postmedia and global due diligence firm IPSA International shows... Read More
The gumshoe who stung Westjet
Mark Hill sat down on Air Canada Flight 908 to Florida and did what he always liked to do on airplanes. He opened his laptop and began crunching numbers... Read More
Global powers should act to shut down offshore tax havens, economist Joseph Stiglitz says
Offshore havens are "co-conspirators" in crimes like tax evasion, corruption and even child pornography, and should have a firewall built around them by the biggest global economies in an effort to choke them out... Read More
How Chinese gangs are laundering drug money through Vancouver real estate
"Is this the message we want to send to the world?” Marsh said, “That Vancouver is the place to launder dirty money in real estate, and this is forcing our young people to move away... Read More
Tracking dirty money
A turf war between law societies and the federal government is almost inevitable with new rules on anti-money laundering and terrorist financing in the pipeline... Read More
Tracking dirty money
A turf war between law societies and the federal government is almost inevitable with new rules on anti-money laundering and terrorist financing in the pipeline... Read More
IPSA International Focuses on Transparency During Inaugural Meeting of Caribbean Region Citizenship by Investment Programs
At a two-day event hosted by IPSA, which was held June 15-16 in the Caribbean, IPSA CEO Dan Wachtler asked the leaders in attendance to stress transparency, credibility, and efficiency in their programs. Representatives from Canada, the EU, the UK and the United States participated in the meeting to share and gather insights in a joint commitment to strengthen the CBI programs... Read More
CIP agents warned to be wary of Chinese with baggage
A top executive at an international due diligence firm is warning agents of the Citizenship by Investment Programme (CIP) to be wary of Chinese applicants who are either on the run, or may soon be on the run from the law... Read More
The Renminbi Laundromat
Chinaʼs strict capital controls have created the perfect market for money laundering efforts — but authorities are catching on.
Last October, the Justice Department unsealed an indictment in Alexandria, Virginia that charged six individuals with conspiring on American soil to launder $30 million in illicit proceeds for Latin American drug cartels. According to the authorities, the sophisticated crimes were perpetrated with fake identities, shell companies and a network of brokers who — for a fee — found ways to move the illicit money from the streets of America, where the drugs were sold, to drug trafficking organizations in Latin America… Read More