Money laundering in Canada

RCMP and the CRA recently shut down a massive international money laundering network across Canadian cities. One RCMP spokesperson called it the most important investigation of its kind in Canada, acknowledging how rarely money-laundering probes lead to gangsterism charges. The statement echoes multiple media reports on the lack of prosecution in money laundering cases, including a recent Global News investigation revealing the extent of money laundering in Canada and why the government often fails to convinct criminals. Finance Minister Bill Morneau said he will focus on combatting money laundering, but until we have a public registry of beneficial owners, international criminals can continue to funnel dirty funds into Canadian real estate without detection.