FINTRAC DETECTS AND PROTECTS , MONEY LAUNDERING , TERRORIST FINANCING AND OTHER TREATS TO THE SECURITY OF CANADA!

                                        FINTRAC’s contribution recognized

FINTRAC’s financial intelligence was recognized by the RCMP NL Federal Serious and Organized Crime Unit in relation to Project Broken, an organized crime investigation with convictions rendered against five individuals, including for money laundering. The investigation led to the largest single seizure of illicit cash by police in the history of Newfoundland and Labrador, over $840,000, with other items seized including six kilograms of cocaine, firearms and vehicles. The total value of all items seized, including cash, is approximately $1.4 million.

With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.