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Canadian firm hit with $3.5m fine for money laundering in Rwanda

Rwanda has recently amended its laws on anti-money laundering.

Photo credit: Fotosearch

By  Alex Ngarambe

A Rwandan court has fined a Canadian company $3.5 million for money laundering.

The Intermediate Court at Nyarugenge also ordered the confiscation of properties belonging to ALT5 Sigma Canada Inc and the freezing of its bank accounts.

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