The Institute of Professional Bookkeepers of Canada (IPBC) held it's first annual conference in Richmond, BC in September 2012. 

One of the breakout sessions was a panel with three professionals experienced in money laundering investigation shared important tips for bookkeepers.

Track # 4: "Check your washing machine at the door". started promptly at @ 3:15pm PST, Saturday afternoon September 22nd, 2012.

Presentation PowerPoint Panelists Colleen Cross, Author The Evolution of Money Laundering Margaret Woods, FCGA, CFE Attorney General's Office: Crown Prosecutor Agencies FINTRAC FINTRAC report on Trends April 2012 MONEY LAUNDERING is the process whereby “dirty money” – produced through criminal activity – is transformed into “clean money,” the criminal origin of which is difficult to trace. The money laundering process is continuous, with new dirty money constantly being introduced into the financial system. There are three widely recognized stages in the money laundering process: PLACEMENT involves placing the proceeds of crime in the financial system. LAYERING involves converting the proceeds of crime into another form and creating complex layers of financial transactions to disguise the audit trail and the source and ownership of funds. This stage may involve transactions such as the buying and selling of stocks, commodities or property.  INTEGRATION involves placing the laundered proceeds back in the economy to create the perception of legitimacy. Common Characteristics in Money Laundering Cases! Department of Justice: Federal Ministry of Justice: BC RCMP scams & fraud Victim Services Articles Burton Report CA Magazine article on Insurance Fraud Managing RIsk Surviving an Audit Canada Revenue Agency Third party civil penalties Laws & Courts CanLII Media Coverage: Ponzi scheme Vancouver Sun: Apr 6 2012 Globe & Mail Apr 4 2012 Professional Associations CGA Canada Independence Standard Association of Certified Fraud Examiners World Headquarters, Austin Texas  Certified Fraud Examiners - Vancouver Chapter Other Professionals to contact Malysh Associates Roseanne Terhart CA, CFE