‘Organized crime knows fraud is the way to go’: former RCMP financial crime expert
A former RCMP organized crime and money laundering investigator
says that fraud is a fast-growing business for gangsters that have
realized Canada’s justice system is vulnerable to scams that net
criminal proceeds estimated at up to $6 billion annually.
says that fraud is a fast-growing business for gangsters that have
realized Canada’s justice system is vulnerable to scams that net
criminal proceeds estimated at up to $6 billion annually.
And, like drug-trafficking proceeds, these funds are laundered into real estate,
driving prices higher. But fraud proceeds are even easier to hide and
clean than drug cash, according to Henry Tso, the former superintendent
in charge of RCMP’s federal serious organized crime and financial
integrity team in B.C.