The Transparency International's 2019 Corruption Perception Index stated that it no longer considers Canada one of the top ten “cleanest” countries in the world. This chapter presents an overview of Canada's Anti-Money Laundering and Counter-Terror Financing regime, with a special focus on the casino, real estate, and horse-racing sectors. It argues that despite Canada's awareness of efforts to channel monies through specific sectors of the Canadian economy, criminal activity in these key areas has been growing due to the state's relatively weak laws and law enforcement governing money laundering, thus allowing criminal organisations to take notice and advantage of the situation. Federal Ethics Commissioner Mario Dion investigated the SNC-Lavalin Affair and found Prime Minister Justin Trudeau guilty of the Conflict of Interest Act. Money laundering and terrorist financing are serious threats to global security, specifically the global financial system, and have impacts on all states in the international system.
|Title of host publication
|Countering Terrorist and Criminal Financing Theory and Practice
|Scott N. Romaniuk, Christian Kaunert, Amparo Pamela Fabe
|Place of Publication
|Boca Raton, Fl.
|Number of pages
|9781032366616 , 9780367551551
|Published - 9 Nov 2023