President of Foreign Exchange Trading Company Charged with Embezzlement
action_requiredCanada·Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)·Wire Summary
FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police (RCMP) Federal Policing Northwest Region’s Integrated Market Enforcement Team in Calgary. The president of a former Edmonton-based company is alleged to have misappropriated more than $10 million in investor funds, with a portion transferred to cryptocurrency exchanges. The RCMP have charged the accused with laundering the proceeds of crime and fraud. With the financial transaction reports received from Canadian
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