Most provinces fail in money-laundering

Category : Canada News
Updated On : February 12, 2019 10:10 AM
By Indian Times Daily

Canada largely fails to successfully convict money launderers with almost three-quarters of people accused going free, a Global News investigation has found.

From 2000-2016, Canada recorded 321 guilty verdicts in money-laundering cases, according to an analysis of data provided by Statistics Canada.

Another roughly 809 cases were either stayed, withdrawn or dismissed, according to the data, resulting in a conviction rate of around 27 per cent. That’s far fewer than other crimes, as roughly 63 per cent of all adult criminal court cases in 2017 resulted in a guilty verdict.

The data comes amid growing calls for an inquiry into money laundering and organized crime in B.C, but the new numbers show it’s a problem touching every province.

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