Skip to main content
Cash

National Post | Terry Glavin: Canada makes 'a start' in cleaning up its money-laundering mess

In the below article from National Post, It was just another darkly amusing local story that didn’t attract much attention. Or at least it didn’t attract the kind of scrutiny it would have, had Vancouver not already richly earned its reputation as a money-laundering hub for international swindlers, drug dealers, and well-connected high rollers who have helped turn Canada’s Pacific coast into one of the most absurdly overpriced real estate markets in the world.

Last month, a local investigation by an independent media organization called Coastal Front revealed that a freedom-of-information request it filed a year earlier had obliged the City of Vancouver to disgorge 750 pages of documents showing that between 2012 and January of this year, city officials had accepted nearly 2,000 payments totalling $13.1 million for everything from property tax payments to municipal cemetery plots — all in stacks of cash.....

Terry Glavin: Canada makes 'a start' in cleaning up its money-laundering mess | National Post

 

About

We are a start-up software and solutions provider company aimed at helping Canadian Small to Medium Enterprises (SME) to better protect themselves from money laundering and terrorist financing.

Featured Posts

Contact info

We are here to mitigate AML risk and we never give up on the challenges.