British Columbia may have the worst track record when it comes to prosecuting money launderers but they’re not the only ones. In this recent podcast, Roy Green interviews a number of people, illustrating how truly widespread the problem is.
British Columbia may have the worst track record when it comes to prosecuting money launderers but they’re not the only ones. In this recent podcast, Roy Green interviews a number of people, illustrating how truly widespread the problem is.
Can someone at least provide a summary or transcript of the podcast? Podcasts are fine when on a plane or driving. Otherwise they are an extremely inefficient means of transmitting information. I can read in 1 minute what a typical podcast takes 20-30 minutes to cover via people talking.
I agree, I also can, and prefer to read an item.
Corruption, regardless of the government, is endemic. The only time it rises to the surface is when an incompetent doesn’t manage to cover it properly or someone goes digging for it. This is just another proof that mankind has not really improved despite the sentiments of the SJWs.
Ahem! That’s peoplekind.
On second thought, maybe you had it right. If the braying SJWs are to be believed, mankind is irredeemable, but “peoplekind” is pure and fair and just.
Well, for a country that no longer does great infrastructure projects like pipelines, we have to have some kind of industry……..
Money laundering has undoubtedly been going on in Canada since before it was Canada, as a tiny little colony “way out there” it was a pretty safe place to cover up your sins and transgressions far from the public in England and France,where reputation counted.
The situation would have worsened as Canada became an economic entity by itself. The Mafia laundered money here during Prohibition,and there was a BIG business by legitimate Canadian businesses supplying illegal booze to the USA. The fact that many of Canada’s richest Old Families made their fortunes on an illegal activity is another one of the many sins we are conditioned to turn a blind eye toward.
I get a big laugh from the newly discovered crime of money laundering in B.C. that has so outraged all commenters, but the biggest sin is the fact that the laundering is being done by “The Heathen Chinee!”, not our august and noble old stock Canadian families.
SNC-Lavalin ,if we ever have a real investigation, will turn out to be the proverbial tip of the iceberg, the only difference being with this iceberg,the LPC,CPC,and power elite have managed to keep 99.5% of it hidden beneath the surface.
Little Canader, always in the running for the “Most Naive People on Earth” award (almost as prestigious as the “Dinosaur” award we won under Harper) , hopefully will be protected in it’s delusions by a clever bunch of political operatives and their Masters, so we can keep on sleeping the sleep of the good and safe.
One day,perhaps Canada will wise up and start up a bank like Luxemburg,Swisscheeesland, and the Grand Caymans,where dirty money can be laundered or hidden for centuries far from the grasp of the taxman. We can call it The Other Bank of Canada, and let it operate in strictest secrecy, with a cut of the profits going to the political parties to supplement their meager pensions.
Two thumbs up
“I’m shocked, shocked I tell you to discover there is gambling going on in this establishment”
Apparently the $Trillion Drug Industry is all conducted in cash.
Good for the hotel room and paper bag industries, and politicians.
The Banking Cartel is of course above reproach and is as honest and above board as every other industry and government in Canada.
Canada,the most underrated corrupt country in the world!
Canada, Home of the Big Fix!
I’m sure it has nothing to do with Chinese businessmen and their connections to provincial and federal politicians.
Dianne Francis has joined in the hysteria surrounding “money laundering”: https://business.financialpost.com/diane-francis/money-laundering-by-foreigners-is-whats-really-destroying-housing-affordability-in-canada
She jumped the shark a few years ago when she supported China’s one child policy. She now calls for more government action on “foreigners” (Albertans in BC?) buying houses when all “unaffordability” is directly tied to government action from compelling people to live in over-insulated plastic bags with full time air exchange pumps to zoning away low cost homes from single family neighborhoods to onerous rental regulations ensuring no one would want to risk renting out their property.
On “money laundering”: what Don said.
Terrorist organizations from around the world count on Canada’s sanctuary status and the default money laundering jewel of the Middle East & Asia.
Just wonder when everyone else started to catch on?
Guilty as charged.
Found a tooney rattling around in the dryer after it had a trip through the laundry.
Money laundering is just fine as long as politicians get their cut. BC would be a wasteland if residents couldn’t sell their $200,000 homes to Chinese organized crime for $1.5 million.
Money laundering has been a huge part of the economy for decades, tens of thousands of business outlets – corner stores, nail salons, tattoo parlours, bars, restaurants, tradesmen shops – pay taxes on revenue that far exceeds their actual legal revenue. It has been studied, written about, but generally ignored. The gubmint is happy to get its cut and if it were eliminated (impossible) the national economy would be fundamentally transformed for the worse.
Duh.
Do not steal,your government hates competition.
Canada was a fundamentally corrupt country from its beginning,now it is a fully institutionalized Kleptocracy.
The thieves have written the laws,how shall you call their acts criminal?
As Canada disintegrates consider this old saw;”When treason rules,none dare call it treason.”
Titles of the chapters in my upcoming book: No t even a footprint – A Travel Guide for The Corrupt
1. Switzerland – where traditions and trade-offs meet.
2. Caribbean Opportunities
3. Panamanian Adventures
4. Canada on a gold platter