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Stephen Punwasi 🏚️📉🐈☃️ Profile picture
@StephenPunwasi
Feb 1 • 15 tweets • 7 min read • Read on X
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🇨🇦’s a special place. Regardless of race, creed, or nationality—the country will accept you with open arms… to wash your money.

🇨🇦 doesn’t just have a money laundering problem. It’s THE global money laundering hub, leveraging its innocent reputation.

<thread> 🧵👇
2/ a lot of people heard about TD’s epic money laundering problem, and the resulting US$3b fine for washing cartel cash.

Few people in 🇨🇦 realize TD & RBC had freakishly similar allegations here, but the case was botched and fell apart.

occrp.org/en/investigati…Image
Image
3/ In 🇨🇦, folks complain 🇺🇸 appointing @TulsiGabbard to direct national intelligence is reckless.

Few in 🇨🇦 know its own intel equivalent was arrested for leaking Five Eyes intel to launderers.

His case referenced a lot of terror cash at 🇨🇦’s banks.

thebureau.news/p/toronto-curr…Image
4/ police recommended 7 charges in BC’s largest money laundering case ever. Prosecution decided no charges.

B.C. premier Eby unsuccessfully requested charges again, before asking the Fed for new laws. They ignored him. Image
Image
Image
5/ the alleged launderer in BC’s case is really lucky. After becoming the poster boy at laundering inquiry, he was shot in a failed assassination attempt while having dinner w/a friend.

His friend, previous champ of largest laundering investigation which fell apart, died. Image
Image
6/ Asia’s El Chapo was a resident of the Toronto suburb of Markham. One 🇺🇸 official who contributed to his arrest is @dasher8090, who previously led an anti-fentanyl task force.

Asher says that’s not a coincidence. Toronto is the command & control center.

thebureau.news/p/prc-narcos-i…Image
Image
7/ the Black Axe CULT runs the global stolen car trade, but transports anything.

Intel told 🇨🇦 they’re in TO, exploiting immigration & laundering w/houses & casinos. 🇨🇦 sprung into action!

jk. immigration minister accidentally makes an announcement at their club house.
8/ Most people have never seen this photo of 🇨🇦’s PM making dumplings at a cash for access fundraiser.

I can’t remember why New Zealand froze millions of his assets 4 months later. Image
9/ 🇺🇸 asked 🇨🇦 to investigate money laundering allegations of a firm in Montréal.

You’ll never know what happened because 🇨🇦 doesn’t want you to know—it’s a secret what’s happening in the country. Just shut up and lay your taxes.

globalnews.ca/news/7345866/r…Image
10/ 🇺🇸 also asked 🇨🇦 to check out a guy in Mississauga.

Whoops! He was laundering cash f km North Korean cyber heists. Whoops! Our bad.

ctvnews.ca/toronto/articl…Image
11/ A family moved to 🇨🇦, moved $167m through banks, and bought $32 million in property.

A subsidiary of a Swiss bank asked the government to what the f*ck is happening here?

Eby asked 🇨🇦 about it. 🇨🇦 seals the deportation file showing they were wanted by Interpol. 🤪
12/ bet you didn’t hear about 🇨🇦’s banks opening bank accounts to hide the sender of money?

It came to light in court when one bank fired an employee, who fired back that the bank “encouraged the practice.”

So awkward.

betterdwelling.com/are-smurfs-and…
11/ 🇺🇸 alleges a group washes Iran’s cash. 🇨🇦 disputing extradition.

A former RCMP super’s take:

“It appears they’re operating with virtual impunity right now…There doesn’t seem to be a concentrated enforcement action of any kind in this country.”

cbc.ca/newsinteractiv…Image
12/ with all of these money laundering problems, one would think 🇨🇦 would take it seriously & appoint a top expert to its AML force!

Nope. In 2020 🇨🇦 appointed the person who led the redesign of its web services in charge. FINTRACs filing system has since had terrible uptime. 🤷‍♂️
13/ anyway, just a quick thread to highlight that 🇨🇦 has been openly using its clean reputation and easy immigration to act as a front for launderers.

It’s happy to have the money & refused to crack down on it. It’s hard to not conclude policymakers are facilitating it now.

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More from @StephenPunwasi

Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Apr 23
🇨🇦’s wild these days.
- Money laundering capital of the world
- the global fentanyl “command & control center”
- home to transnational organized crime heads
- at least 1 in 7,800 residents are members of organized crimes.

How did this happen so fast?

<thread> 🧵👇
2/ first of all, most folks in 🇨🇦 don’t realize how bad things are yet, they’re just dealing with the consequences.

Soaring housing costs. Rising car thefts. Unaffordable housing, Overdoses in your hood. Violence in your streets.

All related.
3/ 🇨🇦’s home prices soared in the mid-2010s due to laundering.

Fentanyl proceeds were washed in casinos, then layered w/housing. It’s now called the Vancouver model.

Home prices surged since comps were skewed, & launderers WANT to pay more.

Dive into this later.
Read 11 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Apr 22
Funny story. About a year ago I was crunching 🇨🇦’s immigration data & found a really neat issue.

… over 1 in 6 of 🇨🇦’s claimed immigrants don’t actually exist in the country.

<thread> 🧵👇
2/ I was looking at immigrant cohorts from the 1980s & forward, & noticed an interesting pattern: 1 in 7 would disappear from taxfiler data.

They drop out faster in recent data, but still consistent. In finance a predictable pattern usually means 1 of 2 things: fraud or error.
3/ so I contact Stat Can & inquire to make sure I understood the data correctly. I did.

About a month later, Stat Can conducts a study & concludes *drumroll* 1 in 6 immigrants probably left the country… since 1980.

🇨🇦 isn’t sure because it doesn’t track departures.
Read 11 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Apr 13
🇨🇦 just busted 3 fentanyl labs in 2 days.

All well equipped, industrial scale facilities within a short-drive of each other in BC. All to produce the fentanyl 🇨🇦 totally doesn’t have.

Tragically I’m not your fentanyl czar, but here’s what I’d notice if I were. 😉

<thread>🧵👇 Image
Image
2/ this is a fun photo. Nothing brown is used to synth fentanyl. Precursors are clear or white.

But aniline, an essential manufacturing chem, is light brown & darkens as it oxidizes.

Only problem is aniline isn’t used in fentanyl production. wtf, eh? Image
3/ However, aniline is used to make fentanyl precursors. RCMP said 2 of 3 labs in the fentanyl bust were manufacturing fentanyl.

What was the 3rd? I’m not a fishing license expert like 🇨🇦’s newly appointed fentanyl czar, but it sure looks like a precursor lab.
Read 13 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Feb 24
Is 🇨🇦’s healthcare system failing due to socialism or capitalism?

Neither. The math is pretty clear—this is just straight up greed, facilitated by crummy people.

<thread> 🧵👇
2/ first off, everyone forgets it's hard to be a doctor.

Most people can't finish a book.

A doctor in 🇨🇦 is the result of a 13 year old who decides they'll top their class & do 12-years of post-secondary training to start their career.

Let this point REALLY sink in.
3/ I mean, really sink in. You're delusional if you think you could do it. I couldn't.

The folks in charge didn't need that training. Ontario elected a high school drop out (about to be re-elected). 🇨🇦 elected a high school teacher.

My point isn't to make fun of politicians...
Read 19 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Feb 12
Folks in 🇨🇦 keep explaining to me that we don’t have 🇺🇸-like crime.

It’s true. Here’s a brief list of the 🇺🇸 crime that never happens in 🇨🇦.

<thread> 🧵👇
2. in 🇺🇸, their anti-money laundering & enforcement budgets are soaring to deal with crime.

In 🇨🇦, we’re so confident that there’s no laundering that politicians confidently slash the budgets. Image
3. In 🇺🇸, defunding the police is extremely controversial.

In 🇨🇦, we don’t hesitate. Ontario immediately cut its financial crimes unit. Image
Read 9 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Feb 7
People think 🇨🇦 is lax on money laundering because it’s good for the economy. Nope.

It’s so much worse. The lax enforcement turned into organized crime capturing 🇨🇦. The legal system is now too scared to act. Seriously.

<thread> 🧵👇
2/ First off, let’s talk about how extensive 🇨🇦’s organized crime (OG) problem is. The country’s OG intel agency estimates 2,600 groups operate in the country.

Since a gang is 3 people or more, at minimum they’re estimating 1 in 4000 adults are OC members. Image
3/ that means the ratio of OC to normal people is higher than the concentration of high school school teachers to people in Toronto.

Think about that for a second—how often do you see high schools across Toronto? Well, you’re more likely to see OC members than a teacher in one.
Read 21 tweets

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