government, aimed to sound a nationwide alarm about money laundering. came in fourth with $6.2 billion, scuttling its reputation as the money laundering capital of Canada. “If money laundering in Alberta and the Prairies have been overestimated … that implies that money laundering in B.C., Ontario and Quebec have likely been underestimated,” the report said. Still, the panel concluded that money laundering is corroding “the very fabric of society” across Canada, and laid out a vision for it to become a national priority. Jason Childs, an economics professor at the University of Regina, said he would expect money laundering to be worse in B.C.

Source: National Post May 20, 2019 10:52 UTC