The U.S. treasury has listed Vancouver-based company Pacnet as a significant transnational crime organization, after decades of facilitating global mail scams.
The government says the firm has a lengthy history of laundering money, spanning over 20 years.
U.S. authorities say the downtown-based firm knowingly processes payments on behalf of fraudsters targeting victims throughout the U.S. and the rest of the world.
According to a report released by the treasury, Pacnet allegedly acts as a go-between for mail fraudsters and the thousands of vulnerable elderly people that they target.
The report goes on to say that scammers ask their victims to send their money to Pacnet, and after taking fees and commission, the firm forwards the rest to the scammers, making it hard for the banks or victims to follow the money trail.
Now recognised as a transnational crime organization, this puts Pacnet up there with the likes of the Los Zetas drug cartel and the Japanese crime syndicate known as the Yakuza.
Pacnet were unavailable for comment.