Is there anything left in Canada that remains unsullied by organized crime? Increasingly, the answer points to no. In recent weeks, there have been a series of reports about organized crime’s impact on everything from spiraling real estate costs to the country’s growing drug problem and even tractor theft . Now, a newly released Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) report reveals that the government has no idea how much pandemic support money went to criminal elements.
Rather than launch an immediate investigation into the matter and commit to tracking down and prosecuting the perpetrators, the Liberals have done nothing. It’s the Conservatives calling on the Canada Revenue Agency (CRA) to launch an audit and urging the government to implement better safeguards.
The reality is that we’re unlikely to see anyone prosecuted over this alleged fraud. Over the past decade, Canada has secured less than 50 money laundering convictions, despite our reputation as an international hub for parking and laundering illicit funds.
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