Money laundering is out of control in Canada and this has increased in the last few years after Justin Trudeau has taken charge. Money laundering in Canada has become a bone of contention as it affects the safety, security and quality of life of its citizens. It is a process used to disguise the source of money or assets that come from illegal means.
Hub of ‘Money-laundering’
According to Simcoe North MP Adam Chambers, more than $100 billion is moved through Canada each year. Chambers said, “Global criminals are flocking to Canada to wash their dirty money.”
Criminal organisations breeding in Canada depend upon this laundered money to feed their other corrupt ambitions such as fraud, human trafficking, and trade in drugs and firearms. It also poses a threat to the integrity and stability of the global financial system and the broader economy.
Chambers is taking an active stance against Canada’s snow-washing practice. Chambers also attacked the pathetic laws which can be bypassed by money launderers. He said, “They know our laws are weak and money washed in Canada is easy to move around the world. If you look at white-collar crime, we convict very few. The rates of convictions and prosecutions are significantly low.”
But where are these whopping snow-washed billions of dollars getting used?
Well, under a Wokish regime, Canada has become a seedbed for Khalistanis and Islamists that are being watered by the Wokist Prime Minister, Justin Trudeau. Trudeau is long known for sharing camaraderie with the Khalistani extremists just to serve his vote bank politics ambitions that have led to fostering Khalistani extremism in Canada.
Who knows these terror organisations are being funded by this laundered money to realise their illegal dreams in the country?
There is a never-ending list of Khalistani sympathisers in Canadian politics who have also contributed themselves to anti-India activities like the long-running farmers’ protest which was backed by the Khalistani extremists.
The ‘dire’ need
Canada’s criminal code needs an amendment now. Well, Chamber’s bill will cater to that desire of nearly every Canadian. The bill proposed by Chamber demands making it an offence to provide false information to a person or entity (such as banks and credit unions) listed in section 5 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act about the identity of a person or entity, including the corporate structure. The violators of the law will face imprisonment of up to 10 years and/or a fine of up to $1-million.
“These changes will help bring an end to the party for global criminals and make criminals think twice before they wash their dirty money in Canada,” Chambers stated.
So, the Canadian government needs to act against these criminal and illicit acts like drug trafficking, human trafficking and terrorist financing.
Canada is suffering blow after blow since Trudeau’s government. The housing crisis, food crisis, and inflation have made the life of the common man miserable. There surely are a lot of things that need to get right in Canada. And we certainly know Trudeau is not up for the task. The bonhomie between Trudeau and extremists won’t allow him to take the right steps. Canada needs a government which makes sure that the country isn’t a ‘paradise’ for the criminals and a ‘hell-hole’ for its citizens.