March 25 2019
Professional money laundering networks are growing in Canada, washing vast sums of cocaine and fentanyl cash, and helping to drive up prices in Vancouver and Toronto real estate. Canada’s federal government proposed a new federal anti-money laundering task force last week, specifically to tackle these concerns. But according to U.S. law enforcement sources, Canada has been aware of this for over a decade. This story explains untold international details behind recent RCMP investigations, missed early warnings, and lessons from Australian police, that could jump-start Canada’s late response to these growing risks, sources say.