That is one of the craziest stories that I have read in a long time. Canada, and Vancouver in particular, is becoming an international embarrassment. The Guardian wrote a big piece on Canada being a hot-bed for international money laundering on Wednesday:
Quote:
How Canada became an offshore destination for 'snow washing'
...How Canada stacks up against other countries – including known tax havens – was suggested in a 2013 study by American researchers. After sending out thousands of queries about setting up anonymous shell companies, researchers ranked Canada among the easiest of 60 countries to set up an untraceable company, along with Kenya and a few US states.
This opacity – described in a recent Transparency International report as the “getaway car of financial crime” – has become the perfect vehicle for “snow washing”: the use of Canada’s positive image to tout the country as an offshore destination where suspect transactions can be legitimised...
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https://www.theguardian.com/world/2018/f...-washing-investigation-private-companies