Over $175,000 in suspected proceeds of crime seized at Pigeon River port of entry

From: Canada Border Services Agency

The travellers were referred for a more in-depth examination, during which border service officers discovered the money inside the vehicle. The money was seized as suspected proceeds of crime under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

The investigation is ongoing.

Quotes

“This seizure is another great example of the outstanding work done by our border service officers in the fight to stop money laundering and protect the Canadian economy.”

– Tuula Schuler, CBSA Director of Operations, Northwestern District

Quick facts

  • Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, currency or monetary instruments valued at CAN$10,000 or more must be reported to a CBSA border services officer when brought in or taken out of Canada. Under the Act, there are no restrictions on the amount of money that can be brought in or taken out of Canada, but currency and monetary instruments of CAN$10,000 or more must be reported; failure to do so can result in seizure or the assessment of a civil penalty ranging from $250 to $5,000.

  • The CBSA works closely domestic and international law enforcement agencies to support and protect Canada’s borders. The CBSA takes its border protection responsibilities very seriously and works diligently to fight money laundering.

  • If you have information about suspicious cross-border activity, please contact the CBSA Border Watch Line at 1-888-502-9060.

/Public Release. View in full here.