World / Crime & Legal May 10, 2019

Billions in dirty cash helped fuel Vancouver's housing boom

Vancouver penthouses, ski chalets at Whistler, and holiday retreats in Persian Gulf islands are among the thousands of properties identified in a dirty-money probe that estimates more than 7 billion Canadian dollars ($5 billion) was laundered through British Columbia last year. The startling findings from ...

Japanese banks to boost fight against money laundering

Business / Economy May 5, 2019

Japanese banks to boost fight against money laundering

The banking industry will strengthen efforts to prevent money laundering in preparation for the planned review of industry efforts by an international organization in the autumn. Next month, MUFG Bank, a core unit of Mitsubishi UFJ Financial Group Inc., plans to terminate overseas remittances made ...