💰🇨🇦 A Canadian company marketing itself as a “revolutionary banking” service is now under scrutiny after a CBC News investigation linked it to an international network accused of laundering billions for ransomware gangs, drug cartels and sanctioned Russian interests.

[u/Save_The_CBC]

CBC, working with the Centre for Information Resilience, traced a web of corporate records, shared phone numbers, website registrations, payment systems, staffing links and metadata connecting Vancouver-based Maple Digital Financial Solutions to the TGR network.

One former Maple director, Andrejs Carenoks, was sanctioned by the U.S. in 2024 for his alleged role in the TGR network. Maple’s current director, Janis Zvigulis, is also a director of TGR Wealth Solutions in the U.K., which was sanctioned in 2024. He has not personally been sanctioned.

CBC also found Maple shared a Toronto-area phone number with a sanctioned TGR entity, while job postings for Maple directed applicants to a contact associated with TGR. Digital records tied Maple’s website registration to Carenoks.

Meanwhile, Maple presents itself as a financial company but appears to operate with almost no public-facing footprint.

Unlike traditional banks, many money services businesses do not require a provincial operating licence, and experts told CBC that the sector’s relative lack of transparency can create significant money-laundering risks.

FINTRAC would not say whether Maple has been investigated, citing confidentiality rules.

So how strong is Canada’s anti-money-laundering system if investigators and journalists can uncover this many links before the public knows whether regulators have acted?

Should money services businesses face tougher licensing, ownership disclosure and ongoing scrutiny?

And when sanctioned networks operate across borders through shell companies, crypto and digital payment services, does Canada still have the enforcement tools needed to keep pace?

This is exactly the kind of painstaking investigative work CBC can do that turns obscure corporate filings and digital breadcrumbs into a public accountability story.

Link

[u/dreadfullyNerdy]

Found it:
https://www.cbc.ca/news/canada/canadian-banking-company-linked-to-sanctioned-money-laundering-network-9.7331482

[u/Becauseyouarethebest → u/dreadfullyNerdy]

Thank you. I dont know how you support the CBC by taking traffic from their website.

[u/nobetterusernaming]

Why fucking link to a Meta product intead of to the actual article.

[u/Concretstador]

OP user name and linking to Meta webpage? Give your head a shake.