The Real Estate sector contributes more than 10% of the GDP in Canada – estimated to be worth 225 billion in 2022.
A report produced by the Criminal Intelligence Service Canada (CISC), a national intelligence agency of the RCMP, focused on the scope and extent of money laundering in Canada. The agency found real estate was used extensively as a tool for criminal activity. According to the report, the proceeds of crime are used to buy the property through various schemes.
The AML Shop’s Abhishek Desai is here to give his expert insights on this important topic. Read the article by clicking the button below.