SoVote

Decentralized Democracy

Member of Parliament

Marilyn Gladu

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Sarnia—Lambton
  • Ontario
  • Voting Attendance: 68%
  • Expenses Last Quarter: $118,419.33

  • Government Page
Context: House Hansard - 187 - Apr/28/23
Ms. Marilyn Gladu
  • Apr/28/23 10:58:10 a.m.
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Madam Speaker, I apologize. The price of a home under the Liberals has doubled, and many Canadians have entirely given up on the dream of home ownership. Most young people now believe that owning a home is unachievable. Even if the money-laundering problem is adequately combatted by the passing of this bill, it is years too late. Therefore, it is not enough to stop the snow-washing in our housing market that is escalating costs for Canadians. I have concerns about the bill; not only does it exclude real estate in the scope, even though we know that this is a major place for money laundering to happen, but it also covers only federally regulated businesses. Many business owners are provincially regulated, so if the provinces do not come on board, then there are many ways that this could slip through the cracks. In terms of amendments, Conservatives would like to see amendments to protect privacy rights in the registry. We also want the registry to achieve the government's stated goal and have the capacity to do so. Will the bill give law enforcement enough necessary tools to capably combat money laundering and terrorist financing? Conservatives have some recommendations. The new and existing penalties for violating reporting requirements under the CBCA should be strengthened, corporations should be held accountable as individuals, and if the act is violated, there needs to be clarification on who can and cannot be exempted from the regulations. This bill is a critical update to our laws, and I look forward to seeing it at committee, where we can make amendments to improve the bill and eliminate money laundering in Canada.
277 words
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