This happened yesterday.
Royal assent reached. Corporate transparency is about to reveal who is benefitting financially. No more numbered companies with unknowable ownership.
No wonder some are squirming, thrashing about and viciously attacking PMJT.
transparencycanada.ca/news/billc42up…
The cash cow money laundering ability is about to come to an end.
I received notice in DM’s labeled significant.
No. It’s monumental.
Canada has been a “snow washing” money laundering state since the Harper era.
The impunity offered by numbered companies is about to end.
I realize there is a lot going on. The world seems ready to bust apart at the seams. This is one of the reasons why. Liberal democracies are fighting back. Protecting legitimate business while exposing corruption and fraud. Money laundering is big business.
Canada has been a safe haven for foreign and domestic criminals hiding their ill gotten gains and laundering it in the Canadian real estate market or moving it through a series of numbered companies.
I’m going to go out on a limb without committing liable. Some politicians have defended the removal of regulations and “gatekeepers”, like a transparent Canadian business registry, which would help protect the public from the social and economic costs of money laundering.
One might think this would be noteworthy and be considered newsworthy for public interest.
Apparently our foreign and domestic controlled MSM doesn’t believe this a clickbait worthy enough tidbit.
But hey, carbon tax carve outs, right?
CBC has covered this information, yet it remains largely ignored by the rest of media.
The public remains focussed on listening to a demagogic populist who promises to protect Canadians from excessive regulations like anti money laundering legislation.
cbc.ca/news/politics/…
I remain stymied by MSM’s manufacturing of outrage over a highly necessary carbon levy carve out for low income Canadians to be able to adapt to climate realities so they don’t have to choose between heat & food every winter, now that fossil fuel price volatility is a reality.
It’s stunning to me that the Cameron Ortis trial is not generating more attention from MSM or interest in the everyday impacts of Ortis’ alleged crimes.
So hopefully my readers and I can generate some curiosity so MSM stops manufacturing outrage and starts reporting the news.
Ortis stands accused of attempting to sell 5 Eyes intelligence information regarding money laundering for Al Qaida to the people doing the money laundering. Effectively rendering attempts to prevent money laundering in 5 Eyes countries pointless and providing impunity.
Money laundering is how organized crime legitimizes its criminal gains. Drugs, human trafficking, bribery, fraud, extortion, backroom deals, etc.
Real Estate and luxury items like cars. Bitcoin. Gambling.
These are all places money laundering typically occurs.
So why should Canadians care? How does money laundering impact kitchen table issues like cost of living and housing availability?
This is where journalism should play a crucial part in educating the public.
Money laundering makes our lives more expensive.
First at the macro level of economic development, money laundering negatively compromises the global economy and the stability of financial institutions.
Recent wars are blatant examples we can view in real time. Hamas was funded with laundered money.
imf.org/en/Blogs/Artic…
Russia’s illegal invasion of Ukraine is funded with laundered money.
Illegal fentanyl profits are laundered in Canada and used to fund Russia to circumvent global sanctions. Russia prevents Ukraine from selling its products which makes wheat and sunflower oil more expensive.
That increases the price of bread and cooking oil directly.
Addressing money laundering in Canada, and in cooperation with our democratic allies like 5 Eyes, NATO, G7, G20 and other free trade partnerships will directly impact the cost of most kitchen table commodities.
That’s just one example that’s easy to see and the impacts are simple to identify.
It’s estimated $100Billion is laundered in Canada every year. That’s 20% of our annual federal budget. It’s also a conservative estimate. So it could be more.
But money laundering has become costly to Canadians. It’s raised the cost of housing. Hundreds of millions are spent to purchase real estate that sits empty until it can be sold again.
These are not minor impacts on everyday costs for Canadians.
Tame money laundering and everyone’s expenses go down. Allow money laundering to proliferate and expenses rise exponentially. Banks recoup their losses or they go bankrupt. Who pays for that? The public taxpayer does.
Money laundering impacts every Canadian.
So please tell me why the royal assent of such a crucial tool to make ownership of companies in Canada transparent and a trial about international compromise of investigations into financial crimes & other organized criminal ventures remains secondary to impugning PMJT over CT?
Don’t bother. I already know the answer. And so do you.
We have a political party campaigning on removing gatekeepers. We have MSM manufacturing outrage over a temporary carve out for the people most impacted by fossil fuel volatility and limited options for green energy.
We have an entire news cycle dominated by MSM shilling for a political party and demonization of climate action.
There is news being ignored, glossed over and forgotten because our media is not doing its job.
Instead, our MSM, including the publicly funded CBC is carrying water for a party that’s attempting to block several legislative initiatives that Canadians elected their federal representatives to address.
And few are noticing.
If Canadians are actually interested in lowering cost of living and holding their federal MP to account for their efforts to reduce inflation, maybe the MSM should do its job and report on the problems that contribute to cost of living.
Like money laundering criminals circumventing the rule of law by allegedly paying a high level severely compromised RCMP civilian director who is accused of putting multiple allied nation’s intelligence assets at risk.
And then reporting the royal assent of legislation tabled and approved by the government to address identified concerns, as promised to Canadians by LPC in campaign commitments and budget proposals.
Who exactly is MSM working for if it’s not the Canadian public?
Who indeed!?
In case you’d like to examine the Vancouver Model in more detail.
The bill if you’d like to read it.
parl.ca/DocumentViewer…
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