Minister's Statement on Major Forfeiture of PacNet Assets
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Ministry of Public Safety and Solicitor General in British Columbia (B.C.), where its Civil Forfeiture Office concluded proceedings with PacNet Services Ltd., which resulted in the forfeiture of $10 million in assets. This represents the B.C. Civil Forfeiture Office’s single largest forfeiture in the history of the program. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valua
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