Arrest warrants target 19 people in major operation the Mounties say is aimed at breaking an international money-laundering ring.
The RCMP launched a major operation on Monday they said was aimed at breaking an international money-laundering ring with links in Toronto and Montreal.
RCMP officers in Quebec and Ontario as well as officials with Revenue Canada worked on what they dubbed operation “Collector” between May 2016 and the spring of 2018.
RCMP spokesperson Sgt. Luc Thibault said the individuals named in the arrest warrants are alleged to have facilitated “the collection of money from criminal groups and then laundered the fruit of their illegal activities.”
“It is what is commonly referred to as ‘money laundering’,” he said.
More than 300 RCMP officers as well as police from Montreal, Laval and Toronto participated in Monday’s raids, which were launched at 6 a.m.
A total of 11 raids were carried out and 19 persons were targeted by arrest warrants, 12 of them in Montreal and the remainder in Toronto.
Thibault said large quantities of cannabis, cocaine, hashish and methamphetamine were seized, as well as more than $1.7 million in cash.
Revenue Canada also executed orders of seizure on several properties.
A news conference has been scheduled for Tuesday morning at RCMP headquarters to unveil the details of the operation and its effects internationally.
The RCMP’s C Dvision, which is based in Montreal, released the names of four men who are wanted as suspects in Project Collector. The four men are; Mohamad Jaber, 51, of Laval; Francisco Javier Jiminez Guererro, 35; Frederick Rayman, 71, of Unionville, Ont.; and Victor Vargotskii, 56 of Montreal.