Canada Charges Regina Pair in Multi-Million Dollar Fraud and Money Laundering Case
| 2025-05-23
Two individuals in Regina, Saskatchewan, have been charged with laundering and fraud following a major investigation into financial crimes linked to drug trafficking.
Two individuals in Regina, Saskatchewan, have been charged with laundering and fraud following a major investigation into financial crimes linked to drug trafficking.
Canadian police have charged a man and woman in Regina with money laundering and large-scale financial fraud after an extended investigation revealed illicit financial activities connected to a drug trafficking network.
According to a statement released on 23 May 2025, the charges follow a four-month investigation led by the Regina Drug Unit, which initially focused on narcotics distribution. During the probe, investigators uncovered evidence suggesting the laundering of drug proceeds through legitimate business operations.
The financial element of the case was subsequently transferred to the Commercial Crimes Unit of the Regina Police Service, which carried out further inquiries into the financial activities of the suspects.
The accused individuals have been identified as 42-year-old Aggrey Kwesi Buaben Fynn and 38-year-old Stephanie Dawn Fynn, both residents of Regina. Police executed search warrants at a residence and at vehicle-related businesses co-owned by the suspects. During the searches, investigators discovered evidence of money laundering and financial fraud unrelated to the original drug investigation.
Police said the alleged fraud totalled several million Canadian dollars.
Both individuals were arrested on 22 May 2025 and charged with fraud over C$5,000 and laundering proceeds of crime. They appeared in Provincial Court the following day.
Law Enforcement and Agency Support
The Regina Police Service acknowledged the role of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in supporting the investigation. FINTRAC is Canada’s national financial intelligence unit responsible for detecting and deterring money laundering and the financing of terrorist activities.
Authorities have not released details of the businesses allegedly used in the financial crimes, but stated that they were involved in vehicle sales and rentals. It remains unclear whether further charges will be filed as the investigation progresses.
Context
Money laundering is a criminal offence under Section 462.31 of the Canadian Criminal Code. The law prohibits the handling or transfer of funds known to be derived from criminal activities. Fraud over C$5,000 is similarly classified as a serious offence under Section 380(1)(A) of the Code.
Canadian law enforcement agencies, including municipal and federal units, frequently collaborate with FINTRAC to identify suspicious transactions and disrupt illicit financial flows. These efforts are part of a broader national strategy to combat organised crime and financial wrongdoing.
Saskatchewan, a prairie province in western Canada, has seen a rise in financial crime investigations in recent years, particularly those linked to narcotics and the use of legitimate businesses to conceal criminal proceeds.
The accused remain under investigation, and further developments are expected as prosecutors build the case.
Authorities have urged members of the public to report suspected financial crimes to local police or through national tip lines.
According to a statement released on 23 May 2025, the charges follow a four-month investigation led by the Regina Drug Unit, which initially focused on narcotics distribution. During the probe, investigators uncovered evidence suggesting the laundering of drug proceeds through legitimate business operations.
The financial element of the case was subsequently transferred to the Commercial Crimes Unit of the Regina Police Service, which carried out further inquiries into the financial activities of the suspects.
The accused individuals have been identified as 42-year-old Aggrey Kwesi Buaben Fynn and 38-year-old Stephanie Dawn Fynn, both residents of Regina. Police executed search warrants at a residence and at vehicle-related businesses co-owned by the suspects. During the searches, investigators discovered evidence of money laundering and financial fraud unrelated to the original drug investigation.
Police said the alleged fraud totalled several million Canadian dollars.
Both individuals were arrested on 22 May 2025 and charged with fraud over C$5,000 and laundering proceeds of crime. They appeared in Provincial Court the following day.
Law Enforcement and Agency Support
The Regina Police Service acknowledged the role of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in supporting the investigation. FINTRAC is Canada’s national financial intelligence unit responsible for detecting and deterring money laundering and the financing of terrorist activities.
Authorities have not released details of the businesses allegedly used in the financial crimes, but stated that they were involved in vehicle sales and rentals. It remains unclear whether further charges will be filed as the investigation progresses.
Context
Money laundering is a criminal offence under Section 462.31 of the Canadian Criminal Code. The law prohibits the handling or transfer of funds known to be derived from criminal activities. Fraud over C$5,000 is similarly classified as a serious offence under Section 380(1)(A) of the Code.
Canadian law enforcement agencies, including municipal and federal units, frequently collaborate with FINTRAC to identify suspicious transactions and disrupt illicit financial flows. These efforts are part of a broader national strategy to combat organised crime and financial wrongdoing.
Saskatchewan, a prairie province in western Canada, has seen a rise in financial crime investigations in recent years, particularly those linked to narcotics and the use of legitimate businesses to conceal criminal proceeds.
The accused remain under investigation, and further developments are expected as prosecutors build the case.
Authorities have urged members of the public to report suspected financial crimes to local police or through national tip lines.
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