FINTRAC Imposes Penalty on Islamic State Financier in Canada
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the ALERT Calgary in relation to Project Carlos, a multi-million-dollar drug trafficking investigation that took place in Calgary. A total of 33 charges were laid against 7 individuals with offences ranging from drug trafficking to money laundering, to criminal conspiracy, and organized crime-related offences. As a result of the investigation, more than $4.5 million worth of drugs and nearly $1 million in cash was seized. With the financial tran
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