A number of banks have been fined and prosecuted for failure to comply with the BSA. Reverse money laundering is a process that disguises a legitimate source of funds that are to be used for illegal purposes. Archived from the original PDF on 12 June The Proceeds of Crime Act Cth imposes criminal penalties on a person who engages in money laundering, and allows for confiscation of property. However, in recent years, casinos and realtors have been embroiled in scandal for aiding and abetting money launderers, especially in Vancouver. Therefore, financial institutions may be vehicles for laundering.