Medication, money seized as RCMP busts cash laundering ring in Montreal, Toronto


The RCMP  launched a serious operation on Monday aimed toward breaking a global cash laundering ring with hyperlinks in Toronto and Montreal.

RCMP officers in Quebec and Ontario in addition to officers with Income Canada labored on what they dubbed operation “Collector” between Might 2016 and the spring of 2018.

RCMP spokesperson Sgt. Luc Thibault stated people named in arrest warrants are alleged to have facilitated “the gathering of cash from felony teams after which laundered the fruit of their unlawful actions.”

“It’s what is usually known as ‘cash laundering’,” he stated.

Greater than 300 RCMP officers in addition to police from Montreal, Laval and Toronto participated in Monday’s raids, which had been launched at 6 a.m.

A complete of 11 raids had been carried out and 19 individuals had been focused by arrest warrants, 12 of them in Montreal and the rest in Toronto.

Thibault stated massive portions of hashish, cocaine, cannabis and  methamphetamine had been seized, in addition to greater than $1.7 million in money.

Income Canada additionally executed orders of seizure on a number of properties.

A press convention has been scheduled for Tuesday morning at RCMP headquarters to unveil the main points of the operation and its results internationally.

 



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