Money Laundering in Canada?

Date: 15.10.2018 | Blog

https://www.theglobeandmail.com/canada/investigations/article-how-canada-became-a-money-laundering-haven-for-one-of-gadhafis-inner/?cmpid=rss

In 1989; almost 30 years ago, this man gained access to a since defunct immigration program to acquire his Canadian citizenship.  From there he bought into real estate in Montreal so has a small group of holdings that have appreciated.

Canada has been a good place to invest for those not residing in the country and as of new regulations, out of country, non citizens pay a 15% penalty to own real estate in Canada.  30 years ago, who knew where we would be today; money laundering and proceeds of crime.

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