Thread by @StephenPunwasi

🇨🇦’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…

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…

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.

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.

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…

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.

https://twitter.com/stephenpunwasi/status/1772327654596731010

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.

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…

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…

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. 🤪

https://twitter.com/stephenpunwasi/status/1456346235183435784

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…

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.