cbc.ca/news/canada/br…
Schneider is talking about the Vancouver model, and how drug money was used to fund private mortgages, helping fuel the out-of-control real estate market.
vancouverpolicemuseum.ca/vse_parti/
Lawyers tend to be involved mainly when there's a real estate deal, he says.
This allows someone to pay $1M to a money service business in China, withdraw $1M from associated biz in Canada
"You wouldn’t have the Vancouver model without Silver International and their directors."
Of course, criminal charges were stayed against Silver International. cbc.ca/news/canada/br…
Says these narratives are driven by agencies and police with "clear vested interest."
"I’ve seen it firsthand, the attempt to kind of inflate the scope of the problem" of money laundering.
"Does targeting proceeds of crime really do any harm to these criminal organizations?"
"We’ve never seen anything like this in Canada and you probably won’t see anything like this any time soon."
"No matter what you do to combat the bad guys, they’re going to find a way to get around that.... Money laundering and organized crime is extremely resilient. As long as you have demand, you’re going to have supply."
Schneider says that doesn't necessarily undermine the truth of news reporting.
Schneider laughs. "No, I wouldn't agree with that."
Schneider: "I don’t think we need to engage in bashing the news media. The Vancouver Sun has dedicated reporters investigating these things"
Returned in ~30 secs. "I’ve remedied this by pressing the on button."
"It’s possible because of the need to have to rely on media reports … that there is a risk in fact of information in fact getting repeated and bolstered even though it may be erroneous."