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Money-services business, owners charged in Canada over $29 million laundering scheme

( June 30, 2025, 19:52 GMT | Official Statement) -- MLex Summary: The Royal Canadian Mounted Police Northwest Region Federal Policing’s Integrated Money Laundering Investigative Team (IMLIT) has charged two individuals and one company with 29 charges relating to money laundering and fraud. The two accused individuals — who owned and operated a money-service business (MSB) with locations in Calgary and Vancouver — are alleged to have committed fraud against several financial institutions by transferring more than 40 million Canadian dollars ($29.2 million) into Canada from the United Arab Emirates via a complex network of shell companies and third-party bank accounts, RCMP said.Full statement follows:...

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