Ines Gavran
Toronto Money Proceeds of Crime Laundering Criminal Defence Lawyer
Ines Gavran, a Toronto criminal defence lawyer, worked as a consultant to a leading financial institution in Toronto ON
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Criminal Defence Lawyer defends proceeds of crime money laundering charges – Toronto, Brampton, Mississauga, North York
Money laundering is the process of making large amounts of money generated by a criminal activity, such as drug trafficking or terrorist funding, appear to have come from a legitimate source. The money from the criminal activity is considered dirty, and the process “launders” it to make it look clean. In 2000, the Government introduced the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to facilitate combatting the laundering of proceeds of crime and to establish Financial Transactions and Reports Analysis Center of Canada. However, money laundering is a criminal offence under the Criminal Code.
Criminal Defence Lawyer
Money Laundering
What is Money Laundering?
Under section 462.31(1) of the Criminal Code laundering proceeds of crime as “every one commits an offence who uses, transfers the possession of, sends or delivers to any person or place, transports, transmits, alters, disposes of or otherwise deals with, in any manner and by any means, any property or any proceeds of any property with intent to conceal or convert that property or those proceeds, knowing or believing that all or a part of that property or of those proceeds was obtained or derived directly or indirectly as a result of 1) the commission in Canada of a designated offence; or 2) an act or omission anywhere that, if it had occurred in Canada, would have constituted a designated offence. Put simply, money laundering is the process by which profits or proceeds of crime are disguised or concealed in a way that makes them appear legitimate. Typically, this will involve setting up a legitimate business, often a cash-based business such as a restaurant, a bar or a coin-based laundromat. Cash from illegal operations is then mixed with money made by the business without tax authorities or police being able to track the source of the original funds. Once the money has gone through the legitimate business, it can be used without attracting suspicion.
Punishment for money laundering
Money laundering is a world-wide problem, involving billions of dollars in Canada alone, and a highly complex system of “cleaning” illegitimate money. One of the main sources of funds laundered in and through Canada comes from drug and gun trafficking. Considering it is a serious financial crime, laundering proceeds of crime is criminal offence punishable by up to 10 years of imprisonment.
Ines Gavran, a Toronto criminal defence lawyer, worked as a consultant to a leading financial institution in Toronto ON and has conducted extensive financial crime compliance investigations relating to money laundering and terrorism financing. Ms. Gavran acquired the necessary knowledge of financial compliance regime under the Financial Transactions and Reports Analysis Center of Canada (FINTAC).
At Gavran Criminal Defence, our philosophy is that dedication, attention to detail, well prepared strategy and effective advocacy is what secures the best results.
If you are charged with money laundering, call Gavran Criminal Defence immediately at (647) 624-6324 to schedule your initial consultation.
Call Toronto-based Criminal Defence Lawyer Ines Gavran today!
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