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$16 million in cash and property seized in Canada-wide money laundering investigation
The Alberta Law Enforcement Response Team (ALERT) has announced that it has dismantled a major money laundering organization.
Dubbed “Project Collector,” officers began a multi-year investigation in Calgary in July 2018 after $1 million in cash that was destined for Vancouver was intercepted.
ALERT says its “unprecedented investigation” alongside RCMP looked into an organization that had been financially supporting some of Canada’s largest crime groups.
The organization allegedly operated pseudo-bank branches at various locations across the country that had large cash reserves. According to ALERT, this allowed criminal groups to transfer funds while avoiding the detection of banks and authorities.