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Manitoba Targets Money Laundering with Expansion of Criminal Property Confiscation Unit

In the latest effort to combat organized crime and money laundering, Manitoba is expanding its Criminal Property Forfeiture Division (CPF).

Justice Minister Kelvin Goertzen announced Tuesday that he will add two investigators and his financial analyst to the branch. Specifically, they are tasked with targeting illegal money laundering activities in the state.

"Money laundering is the lifeblood of many criminal organizations and is often associated with drugs and guns that lead to violence in our communities," says Herzen.

"Pursuing this money with new dedicated investigators and analysts is to disrupt criminal activity and the violence and terror that accompanies it."

READ MORE: Manitoba joins forces with Winnipeg police to crack down on cryptocurrency cybercrime

Passed last year Thanks to legislation, Manitoba is one of Canada's leaders in this kind of proactive approach, with enhanced ability to seize funds believed to have been obtained illegally.

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Drugs, Guns , are chained by street-level violence, cyberspace and money laundering,” he said.

"We are working to undermine each of these links in the criminal chain." Redistributing to institutions. This includes the Bear Clan Patrol and projects aimed at combating cybercrime and theft of catalytic converters from vehicles.

Manitoba RCMP Laboratory. Grant Stephen, who heads the police's Serious Organized Crime Division, said laundering is a method commonly used by criminals to hide their ill-gotten gains.

“Organized crime further relies on money laundering to conceal profits from illegal activities and further criminal networks often involved in drugs, guns, theft, fraud, cyberthreats and violence. We are evolving," he said.

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