Edmonton company charged with money laundering involving illegal cannabis sales

Callooh Callay

EDMONTON—Staff at an Edmonton-based company are facing charges in relation to a multimillion-dollar money-laundering scheme involving unlicensed online cannabis dispensaries. RCMP allege the illegal dispensaries used Moxipay Corp. to receive and transfer funds from January to December of 2018. They say Moxipay facilitated more than 84,000 transactions and received nearly […]

Read Time1 Minute, 7 Second

EDMONTON—Staff at an Edmonton-based company are facing charges in relation to a multimillion-dollar money-laundering scheme involving unlicensed online cannabis dispensaries.

RCMP allege the illegal dispensaries used Moxipay Corp. to receive and transfer funds from January to December of 2018.

They say Moxipay facilitated more than 84,000 transactions and received nearly $15 million through e-transfer payments into several bank accounts.

Investigators say the money was then transferred back to the dispensaries or to others.

Four directors and an employee face various charges, including laundering proceeds of crime and commission of an offence for a criminal organization.

RCMP say the only legal way to purchase cannabis in the province is through the website of the Alberta Gaming, Liquor and Cannabis commission.

Get more of the Star in your inbox

Never miss the latest news from the Star. Sign up for our newsletters to get today’s top stories, your favourite columnists and lots more in your inbox

Sign Up Now

0 0
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleppy
Sleppy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Next Post

Ex-medical officer loses fight to block release of sensitive report

The former head of a public health unit on Thursday lost her last bid to keep secret a report that details her personal relationship with a convicted fraudster the agency hired as its chief financial officer. However, despite the Supreme Court of Canada’s refusal to weigh in on the case, […]

Subscribe US Now