Edmonton company charged with money laundering involving illegal cannabis sales

RCMP allege the illegal dispensaries used Moxipay Corp. to receive and transfer funds

Staff at an Edmonton-based company are facing charges in relation to a multimillion-dollar money-laundering scheme involving unlicensed online cannabis dispensaries.

RCMP allege the illegal dispensaries used Moxipay Corp. to receive and transfer funds from January to December of 2018.

They say Moxipay facilitated more than 84,000 transactions and received nearly $15 million through e-transfer payments into several bank accounts.

Investigators say the money was then transferred back to the dispensaries or to others.

Four directors and an employee face various charges, including laundering proceeds of crime and commission of an offence for a criminal organization.

RCMP say the only legal way to purchase cannabis in the province is through the website of the Alberta Gaming, Liquor and Cannabis commission.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

RCMP investigate possible drowning at Pigeon Lake: Man and woman found dead on shore

Bodies recovered from Pigeon Lake’s northeastern shores.

RCMP investigate possible drowning at Pigeon Lake; Man and woman found dead on shore

Bodies recovered from Pigeon Lake’s northeastern shores.

134 new cases of COVID-19 on Friday

First day over 100 cases since July 31

RCMP Major Crimes Unit lay Manslaughter charge against youth

The RCMP Major Crimes Unit have laid a manslaughter charge against a 13-year-old boy from Maskwacis.

City of Wetaskiwin back to zero active cases

The City of Wetaskiwin currently has zero active cases once again.

Collapse of Nunavut ice shelf ‘like losing a good friend:’ glaciologist

The ice shelf on the northwestern edge of Ellesmere Island has shrunk 43 per cent

13-year-old charged in death of boy, 10 in Maskwacis

The RCMP Major Crimes Unit have laid a manslaughter charge against a 13-year-old boy from Maskwacis.

‘Caught up in the frenzy:’ Oilers 50/50 draw breaking ticket sale records

Previous record was held by Toronto Raptors fans when a 50/50 raffle reached $2 million

Alberta jury trials to resume next month at offsite locations due to COVID-19

About 12 locations across Alberta may host the trials in halls, hotels and community centres

Alberta school curriculum to focus on basics, keep out political bias: minister

NDP education critic says the kindergarten to Grade 4 changes should have been implemented a year ago

Statistics Canada says country gained 419,000 jobs in July

National unemployment rate was 10.9 per cent in July, down from the 12.3 per cent recorded in June

Canada plans $3.6 billion in retaliatory tariffs on U.S. in aluminium dispute

The new Canada-United States-Mexico Agreement that replaced NAFTA went into force on July 1

Walmart to make face masks mandatory for customers across Canada

Requirement goes into effect on Wednesday, Aug. 12 across Canada

Most Read