TD Bank Group could be hit with more severe penalties than previously expected, according to a banking analyst, after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits. National Bank of Canada analyst Gabriel Dechaine said in a note that the worst-case scenario of the multiple U.S. investigations TD … Read more
Canada’s financial intelligence agency warns that illicit cash is being laundered through online gambling sites that provide a variety of ways to disguise shady funds. In a newly published bulletin, the Financial Transactions and Reports Analysis Centre of Canada highlights the criminal exploitation of legitimate and unlicensed digital wagering operations. The centre, known as Fintrac, … Read more
The Montreal-based company that owns and operates adult entertainment websites including Pornhub.com has reached a deferred prosecution agreement with the U.S. Justice Department over its ties to an alleged sex trafficking operation, court records showed. Lawyers for Aylo Holdings, formerly known as MindGeek, are set to appear in Brooklyn federal court later on Thursday for … Read more
