Canadian Lawmaker Demands A Federal Inquiry Into Money Laundering

A Canadian lawmaker would like responses just after BC’s revenue laundering inquiry condemned Federal companies. Member of Parliament (MP) Adam Chambers is gauging guidance for a Federal inquiry into money laundering. Owing to many failures Canada’s overall economy has become as reliant on dollars laundering as the US was on housing in ’06. Now the Simcoe North MP would like to know how so lots of intelligence sources can develop into unreliable to the issue of systemic failure.

Canada’s Anti-Income Laundering Sources Are Unreliable 

Previous 7 days BC wrapped up the Cullen Fee, its inquiry into money laundering. An 1,800-ish site report all boils down to 1 essential position: Canada’s anti-income laundering sources are unreliable. 

“Law enforcement bodies in British Columbia can’t depend on FINTRAC to deliver timely, valuable intelligence about income laundering exercise that they can put into action,” remarked the inquiry’s commissioner Austin Cullen. 

Canada’s anti-revenue laundering sources

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