Canada a friendly home for illicit cash, corrupt real estate buys, report says

OTTAWA — Canada is doing a lousy job of cracking down on corrupt foreigners laundering their vast ill-gotten wealth by buying high-end assets such as luxury goods, diamonds, and mansions, according to a report released Thursday.

While Transparency International doesn’t single out any Canadian cities, the Berlin-based corruption watchdog makes clear that lax standards in Canada and other countries — China and the U.S. also rank in the basement with Canada in TI’s assesment — open the door to billions in “hot” money pouring into major cities like Vancouver, according to TI’s Canadian spokesman.
Link To Article

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPC Social2

Canada a friendly home for illicit cash, corrupt real estate buys, report says

 Sign Up for Our News Letter Below:

Title: Sign Up NewsLTR
Enter valid email address.
First
Last
NewsLTR Sign Up
Recent Posts
Categories

Canada a friendly home for illicit cash, corrupt real estate buys, report says

Contact Us

Cultural Action Party of Canada
Vancouver, British Columbia, Oh Canada!

Contact Us: capforcanada1@gmail.com

Address

Get Free Info Pack

Contact Form

Facebook

Get the Facebook Likebox Slider Pro for WordPress