A Canadian company described as a “revolutionary banking” venture is connected to a sanctioned money-laundering network that allegedly serves cartels and wealthy Russians, according to CBC’s visual investigations team and the Centre for Information Resilience. The reporting identifies the individuals behind the Canadian entity and outlines its associations with the broader network cited in sanctions.
The investigation highlights that the Canadian firm operates with ties to a money-laundering operation that has drawn sanctions attention. It also points to specific individuals linked to the network, including Latvians named Andrejs Carenoks and Janis Zvigulis, who are associated with the Latvian elements behind the operation. Carenoks previously faced U.S. sanctions in 2024 for involvement in the TGR network, according to the material presented.
Details provided in the report describe the Canadian company as having a footprint in a banking model described as “revolutionary,” while the broader network is described as sanctioned and involved with illicit financial flows. The CBC and Centre for Information Resilience collaboration emphasizes who operates behind the Canadian entity and how it connects to the sanctioned network.
The piece is presented with investigative visuals accompanying the narrative, including a graphic that depicts two men and a website page, aiming to illustrate the individuals and online presence associated with the operation. The investigative team asserts these links demonstrate the people and mechanisms behind the Canadian company’s activities and its ties to the sanctioned network.
No information is provided here about the company’s name, exact location, or the precise nature of its operations, beyond the described connections to sanctioned money-laundering activity. The reporting emphasizes identification of the operators and the linkage to internationally sanctioned financial wrongdoing as the core thrust of the story.
