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House Hansard - 93

44th Parl. 1st Sess.
June 21, 2022 10:00AM
Context: House Hansard - 93 - Jun/21/22
Mr. Adam Chambers (Simcoe North, CPC)
  • Jun/21/22 2:11:39 p.m.
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Mr. Speaker, Canada is a money-laundering paradise. The Cullen commission, a British Columbia inquiry into money laundering, just released its final report. It details significant gaps and concerns with our money-laundering laws and regimes in Canada. Canadians have heard stories of hockey bags full of $20 bills going into casinos to come out laundered. The Cullen commission even questions whether B.C. should start its own reporting regime and have its own commissioner of money laundering. Global criminals are flocking to our shores, using our country and institutions to finance drugs, human trafficking and other crime. This activity also increases the demand for housing, pushing up real estate prices for Canadians across Canada. The government must step up and take responsibility. We now have facts that can no longer be ignored. Anything else would mean being willfully blind. Of course, the beneficial registry in my private member's bill is a small step, but there is much more to be done. That is why I am calling on the government to launch a national commission and inquiry into money laundering across Canada and give Parliament tangible calls to action to stop this activity and say no to global criminals.
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