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 Investors Flock to Safe Havens After Trump Assassination Attempt READ MORE Over 80,000 Global Enthusiasts Flock to Hong Kong's Twin Jewellery Shows READ MORE Incrementum: Monthly Gold Compass July 2024 READ MORE 30-Year Fixed Mortgage Back Near 7% READ MORE Triple Threat: U.S. Stocks, Gold, and Dollar Defy Economic Logic READ MORE Add a Comment Cancel replyYour email address will not be published.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