FINTRAC

DMG Blockchain Solutions Announces Investment in Digital Asset Custody Solution

Retrieved on: 
Thursday, February 22, 2024

VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, announces it has committed CAD $3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, announces it has committed CAD $3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients.
  • The capital commitment for this digital asset custody solution will be made over time and as required to support the regulatory review process.
  • Sheldon Bennett, CFE, MBA - CEO and Director of DMG Blockchain Solutions and Chair of Systemic Trust.
  • Most recently as Binance Canada’s Chief Technology Officer, he spearheaded the implementation and launch of its Crypto Trading Platform and digital asset custody service.

Canada’s EQ Bank Partners With Trulioo for Identity Document and Biometric Verification

Retrieved on: 
Thursday, February 15, 2024

EQ Bank chose Trulioo Identity Document Verification , Workflow Studio and Business Verification to streamline customer and business onboarding.

Key Points: 
  • EQ Bank chose Trulioo Identity Document Verification , Workflow Studio and Business Verification to streamline customer and business onboarding.
  • After a thorough market assessment, EQ Bank selected Trulioo Identity Document Verification to capture and verify an ID document and selfie when customers open accounts online – a critical exercise for a seamless digital banking experience.
  • EQ Bank leveraged Trulioo Workflow Studio – a no-code, drag-and-drop workflow builder – for fast, flexible Identity Document Verification integration.
  • We look forward to our ongoing collaboration as EQ Bank drives change in Canadian banking.”
    For more information about Trulioo, please visit trulioo.com .

Balance Relocates to Alberta

Retrieved on: 
Thursday, January 25, 2024

Balance, Canada’s oldest and largest digital asset custodian, is pleased to announce that it has moved its corporate headquarters and relocated its core business from Toronto, Ontario to Calgary, Alberta.

Key Points: 
  • Balance, Canada’s oldest and largest digital asset custodian, is pleased to announce that it has moved its corporate headquarters and relocated its core business from Toronto, Ontario to Calgary, Alberta.
  • Registered in Alberta since 2021, Balance initially established an office in Edmonton, then subsequently moved it to Calgary, as its base of operations in the province.
  • We're grateful for our beginnings in Ontario and enthusiastic about the opportunities in Alberta.”, said Balance’s CEO, George Bordianu .
  • “We extend a warm welcome to Balance as the company relocates its office and team to Calgary, Alberta.”, said Rick Christiaanse , the CEO of Invest Alberta.

Multigate Ramps up Its Remittances Operations in East Africa

Retrieved on: 
Wednesday, December 13, 2023

This further solidifies the company's position as a critical player in the African remittance and treasury management industry.

Key Points: 
  • This further solidifies the company's position as a critical player in the African remittance and treasury management industry.
  • “As we continue to expand our operations in East Africa, we are excited to have been granted the regulatory approval for remittances into Kenya, a key market for our regional presence.
  • Additionally, Multigate became the first Pan-African-based technology company to be certified as a SWIFT Lite2 Business Application Provider (L2BA), with ISO 20000, 22301, and 27001 certifications.
  • Remittances to Nigeria, accounting for around 38 per cent of total remittance inflows to the region, increased by 3.3 per cent to $20.1 billion.

David Del Bianco sentenced to 4.5 years in jail for fraud and money laundering

Retrieved on: 
Wednesday, December 20, 2023

Del Bianco ran and promoted an investment purporting to be a legal services insurance company, marketed under the name Equal Rights.

Key Points: 
  • Del Bianco ran and promoted an investment purporting to be a legal services insurance company, marketed under the name Equal Rights.
  • In reality, it was nothing but a scheme, through which the Court found that Del Bianco defrauded investors of no less than $523,832.50.
  • Del Bianco was sentenced to 4.5 years imprisonment on the fraud conviction, less credit for time already served, and one year to be served concurrently on the money laundering conviction.
  • IMET is a specialized unit under the Alberta RCMP Federal Policing program that detects, investigates, and deters market fraud.

ASC finds that Ali Ghani, Prism, Summerside Development Trust and others perpetrated a fraud on investors

Retrieved on: 
Friday, November 10, 2023

CALGARY, AB, Nov. 10, 2023 /CNW/ - The Alberta Securities Commission (ASC) has found that Ali Ghani and the following entities controlled by Ghani perpetrated a fraud on investors: Summerside Development Trust, Summerside Commercial Trust, Prism Summerside Limited Partnership, Prism Summerside Development Corp. and Prism Real Estate Investment Corporation.

Key Points: 
  • CALGARY, AB, Nov. 10, 2023 /CNW/ - The Alberta Securities Commission (ASC) has found that Ali Ghani and the following entities controlled by Ghani perpetrated a fraud on investors: Summerside Development Trust, Summerside Commercial Trust, Prism Summerside Limited Partnership, Prism Summerside Development Corp. and Prism Real Estate Investment Corporation.
  • An ASC panel determined that Ghani and the other named entities misappropriated over $3.4 million from the development and sale of a strip mall in the Summerside neighbourhood of Edmonton, Alberta.
  • It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

ACAMS' The Assembly Canada to Address Evolving Anti-Money Laundering Expectations and New Regulations

Retrieved on: 
Wednesday, November 8, 2023

TORONTO, Nov. 8, 2023 /PRNewswire/ -- ACAMS, a leading membership organization dedicated to supporting anti-financial crime (AFC) professionals around the world, will host The Assembly Canada, an insight-packed two-day conference and networking event, beginning on November 16 at The Westin Harbour Castle in Toronto.

Key Points: 
  • This year's program provides Canadian anti-money laundering (AML) professionals with expert guidance and practical insights to help them understand and meet their evolving regulatory obligations.
  • Speakers will analyze Canada's AML regime strategy, the proposed Financial Crime Agency of Canada, as well as British Columbia's AML environment a year after the Cullen recommendations.
  • "The Assembly Canada will provide expert guidance and practical insights, revealing how Canadian AML professionals can meet compliance expectations and incorporate new regulations."
  • For more information on The Assembly Canada, including access to the agenda and registration portal, please visit: https://www.acams.org/en/events/the-assembly/the-assembly-canada

J5 countries host "Cyber Challenge" focused on data mining and financial reporting

Retrieved on: 
Thursday, November 2, 2023

This year's iteration of the Challenge focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.

Key Points: 
  • This year's iteration of the Challenge focused on data mining and financial reporting relating to crypto-assets and technology enabled financial threats.
  • This is the first Challenge where Financial Intelligence Units (FIUs) from each J5 country participated.
  • Collectively, the J5 member countries, FIUs, and blockchain analysis companies scoured their respective data holdings to identify the most promising cryptocurrency leads related to tax evasion and money laundering.
  • The J5 works together to gather information, share intelligence and conduct coordinated operations against transnational financial crimes.

Multigate Secures Money Remittance Business Licenses for Uganda and Nigeria

Retrieved on: 
Thursday, October 5, 2023

These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.

Key Points: 
  • These Money Remittance Business licenses are in addition to Multigate’s Money Services Business (MSB) registration with the Canadian FINTRAC.
  • “The acquisition of a Money Remittance Business licenses from the Bank of Uganda and from the Central Bank of Nigeria, following the same from Canada, further strengthens our position as a trusted solutions provider that takes regulations seriously.
  • With these licenses, we are excited and prepared to expand our cross-border payment solution to our valued clients and partners in Uganda and Nigeria,” said Eghosa Nehikhare, CEO of Multigate.
  • Whilst Nigeria accounts for 38% of remittances in Sub-Saharan Africa, it is predicted that Uganda’s remittance growth rate will double that of Nigeria.

GPC and Vlado: A Transformative Partnership with Prestigious Recognition

Retrieved on: 
Saturday, September 23, 2023

GPC and Vlado Limited Partner to Transform Financial Technology with Automated Trading Platform and Industry Recognition.

Key Points: 
  • This exceptional collaboration has gained recognition for GPC and sets the stage for a groundbreaking automated trading platform.
  • To view an enhanced version of this graphic, please visit:
    The core of this partnership lies in the recognition bestowed upon GPC by Vlado Limited.
  • The prestigious award acknowledges GPC's commitment to excellence and innovation in the field of technology, highlighting their dedication to pushing boundaries.
  • Building upon this acknowledgement, GPC and Vlado have embarked on a venture that promises to revolutionize the landscape of trading.