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Decentralized Democracy

Adam Chambers

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Simcoe North
  • Ontario
  • Voting Attendance: 68%
  • Expenses Last Quarter: $121,028.17

  • Government Page
  • 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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moved for leave to introduce Bill C-289, An Act to amend the Criminal Code (identity verification). He said: Madam Speaker, Canada has a money-laundering problem. Experts say it is a $100-billion-a-year industry. This money is fuelling crime across this country and contributing to the increasing cost of real estate by increasing the demand for houses across Canada. International criminals have flocked to Canada because of our weak laws. The Cullen commission report, released just yesterday, is an indictment of Canada’s anti-money laundering regime. This bill proposes to amend the Criminal Code to give authorities more tools to catch and convict criminals and deter money-laundering activity. This legislation has support from third parties, including Transparency International Canada, Publish What You Pay and the Macdonald-Laurier Institute, and it also addresses a problem identified by the C.D. Howe Institute in a recent memo. We need to make life more difficult for money launderers and change Canada’s reputation. I am open to amendments and look forward to working with members of all parties and the Senate to pass this bill and other legislation to fight money laundering.
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