Canada's MSB Registry Under Scrutiny: A Loophole for Financial Crime? An investigation by IJF and CTV National News has uncovered a concerning trend in Canada where multiple money services businesses (MSBs) are registered at the same address, often without the knowledge or consent of the actual occupants. This practice, which includes foreign currency dealers, money transfer businesses, and cryptocurrency exchanges, raises red flags for potential money laundering and terrorist financing. Financial crime experts warn that this goes against the spirit of Canada’s registration requirements for high-risk businesses, with some of these MSBs allegedly involved in fraudulent investment schemes. The investigation highlights critical gaps in Canada’s enforcement regime, allowing potential financial criminals to exploit the system. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization READ MORE The Elite's Escape Plan: Inside the Billionaire Bunker Boom READ MORE Silver Eyes Breakout: Technical Perspective READ MORE Gold Prices Stable Amid Rate Cut Expectations READ MORE Central Banks Warned to Stand Firm Against Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment