Former tire recycling exec investigated over suspicious money transactions

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Net Patrol International Inc.  Data Investigation and Forensic Services
Bankruptcy and Insolvency Trustees

The Canadian intelligence unit that probes money laundering and terrorism funding has uncovered millions of dollars of suspicious bank transfers that separately involve an individual and two firms with connections to Ontario’s tire recycling program.

Toronto police fraud squad

Multiple transactions — including the purchase of gold bars and international wire transfers — have been discovered by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). These “suspicious transaction reports” are now with the Toronto police fraud squad.

Read more at The Toronto Star.

This article is summarized by Canadian Fraud News Inc.