Crime: Crime Syndicates and Government Officials

crime: Domestic criminals have known for decades that Canada is la la land' for financial crime, but word has spread internationally too, according to The Toronto Star. Canadian real estate has attracted the attention and money of dubious origin of corrupt government officials and organized crime syndicates from across the globe. Our laws and regulations are full of cracks that can be exploited by criminals, and they appear to be doing so in growing numbers, the report says. More than 20 billion in anonymous money was used to purchase 50,000 homes in the GTA since 2008, accrding to a new report. Transparency International Canada studied all residential property transactions in the GTA since 2008 and discovered more than 20 billion in anonymous money entered the real estate market without any oversight or due diligence. Todd Korol / Toronto Star In the federal budget released this week, the government announced measures to combat money laundering through property in British Columbia, but ignored the Toronto market. (news.financializer.com). As reported in the news.