It took 10 months of media scrutiny and public outrage before Canadians learned Manulife Bank of Canada was the mysterious financial institution behind a $1.2-million fine for money-laundering violations.The same day Manulife’s identity was kept secret last April, a handful of much smaller companies — facing far less severe fines — were publicly named by FINTRAC, the country’s money-laundering and terrorist funding watchdog.
daniel kahan says
remarkable seeing the double standards in this country !!
perhaps instead of money-laundering Manulife Bank should help Canadian low-income senior policyholders release some of the equity of in their life policies by lending them using the security of their life policies see http://www.life-funding.com
in the past they offered their HNW clients Triple Back to Back loans using the 10/8 leverage tax play until it was stopped by the feds a few years ago !