U.S. designates Vancouver company PacNet a ‘significant transnational criminal organization’

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

The U.S. Treasury Department has designated Vancouver-based company PacNet a “significant transnational criminal organization” as part of a crackdown on mail fraud. In a news release, John Smith, acting director of the department’s Office of Foreign Assets Control, claims the payments processor has a “lengthy history of money laundering by knowingly processing payments on behalf of a wide range of mail fraud schemes that target victims in the United States and throughout the world.”

Read the full article at CBC News.

Canadian Fraud News