News Analysis
Last week, the U.S. Treasury Department issued an advisory that described Chinese money launderers as “vital” to cartel fentanyl trafficking, saying that from 2020 to 2024 US$312 billion was found to be linked to such activities.
Although the advisory makes no specific mention of Canada, RCMP and Canadian Armed Forces intelligence veteran Scott McGregor says it’s clear that Canada’s lax laws and enforcement when it comes to such issues make it a “permissive financial junction” enabling the transnational illegal activities.
“Chinese underground bankers provide the circulatory system and our weak anti-money laundering posture supplies the oxygen,” McGregor said in an interview….