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House Hansard - 25

44th Parl. 1st Sess.
February 7, 2022 11:00AM
Context: House Hansard - 25 - Feb/7/22
Mr. Adam Chambers (Simcoe North, CPC)
  • Feb/7/22 3:06:35 p.m.
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Mr. Speaker, white-collar criminals from around the globe love to launder their money in Canada. Experts say it is a billion-dollar-a-year industry and growing, and much of it ends up in our real estate, which drives up the cost of housing. In 2021, government agencies, including FINTRAC, reduced their real estate money laundering audits by 64%. Does the government take money laundering seriously or are we telling global criminals that Canada is open for business?
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