The Royal Bank of Canada has identified 114 clients as “very high-risk” for maxing out their credit cards before travelling to countries near Syria and Iraq, QMI Agency has learned.
Before leaving Canada, the clients borrowed the maximum amount of money allowed on their credit cards or lines of credit, a senior RBC vice president, Karim Rajwani, told participants during a webinar earlier this year.
QMI Agency obtained the audio recording.
The webinar was organized for anti-money laundering and anti-terrorist financing professionals in the banking industry.
Rajwani, a world expert in the fight against terrorist financing, says he discreetly shared his information with the Canadian Security and Intelligence Service.
None of the 114 clients paid off their debts and their accounts have been inactive since they left the country, he added.
“We aren’t saying that these people are terrorists, just very high-risk individuals,” Rajwani noted.