Discover and read the best of Twitter Threads about #c42
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An extra segment of debate in the @HoCChamber occurred for Bill #C42 tonight and here's a short thread with my reaction: #cdnpoli #endsnowwashing
Man, we succeeded in branding. Almost every elected official who spoke referred to Canada's AML regime weakness as snow-washing. There was also recognition that 45bn to 113 bn annually is being laundered into #Canada. Our work was heavily referenced by all parties.
On 25% vs 10%: This is better suited for study during the PCMLTFA hearings this summer. Yes, it could be possible to reduce the threshold in the bill, yet there would be a lot of pushback from Canada's business community and by FINTRAC reporting entities. Not worth it.
