but it processed payments for clients around the world, including individuals who allegedly operated scams targeting seniors.ĭocuments filed in B.C. The government statement said PacNet was a money-service business headquartered in B.C. 'I can confirm that we will continue to pursue the forfeiture of assets that are suspected to be proceeds of unlawful activity and redirect them to community safety and crime-prevention initiatives,' he said. Under the settlement deal, there is 'no admission or finding of unlawful activity on the part of PacNet' or its principals, while the company agrees to forfeit $10 million.įarnworth said the forfeiture 'sends a clear message that the province will continue to take decisive action against suspected proceeds of unlawful activity.' is the largest forfeiture in the history of the program that started in 2006.
Solicitor General Mike Farnworth said in a statement the settlement agreement with PacNet Services Ltd.
VICTORIA - British Columbia's civil forfeiture office has secured $10 million from a company that provided payment processing services for people found guilty or who are alleged to have been running scams against vulnerable seniors.
