If you get past the acronyms and numbing data points, there are some interesting, if unfortunate, stories contained in the latest from Canada's financial intelligence unit. While the first 11 pages of Money Laundering and Terrorist Financing Trends in FINTRAC Cases Disclosed Between 2007 and 2011 contains lots of bar charts and defined terms, page 12 introduces some human drama. The report contains composite profiles in a money laundering case involving terrorist financing and another involving suspected fraud. Both are preceded by a composite story that centers on laundering money for drug traffickers. Tony, age 35, the scion of a...
Maybe it's the thing you're supposed to say when you get a new job and have responsibility for a lot of people. Still, it was a good thing to hear from FinCEN's new director in her debut speech at a D.C. money laundering conference.
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