U.S. deems Canada ‘major money laundering country’ as gangs exploit weak law enforcement

The U.S. Department of State has designated Canada a “major money laundering country” where foreign drug-trafficking gangs are exploiting weak law enforcement and soft laws. The March 2019 report, which places Canada on a short list of countries vulnerable to significant drug money laundering transactions — such as Afghanistan, the British Virgin Islands, China, Colombia and Macau — underlines a number of threats reported over the past year in Global News investigations, such as the laundering of fentanyl-trafficking proceeds from China through British Columbia casinos, real estate and underground banks.-- More...