Lawyer’s conviction exposes role of professionals in money laundering

The Globe and Mail reports Simon Rosenfeld was one of about 55 Canadian and US citizens arrested in 2002 as part of a joint US-Canadian sting which exposed a raft of stock market manipulation and money-laundering scams. Police in both countries posed as representatives of a Colombian cocaine cartel with millions of dollars in cash they needed to invest in ways that would hide its criminal source. Investigators said their probe had exposed services provided by the professional community, particularly the legal and accounting professions, to organised crime that needed to launder money. Full report in The Globe and Mail