Police in Canada not 'following the money' of crime groups, …

Stack of Canadian $20 (dollar) bills -currency money – for investing section [PNG Merlin Archive] (bundles oF $10,000)
/ Vancouver SunPolice in Canada are not doing enough to investigate money laundering by more than 650 organized crime groups trying to hide their illicit cash, an international oversight agency says in a new report.The Financial Action Task Force (FATF), a body that creates standards to tackle money laundering globally, said “Canada is exposed to a very high money laundering threat of both local and foreign origin.”While various types of fraud were cited as major sources of laundered money, the report said “the proceeds of drug trafficking laundered in Canada are also significant and derive predominantly from domestic activity controlled by organized crime groups.”“Organized criminal groups pose the greatest domestic money laundering risk, as they are involved in multiple criminal activities generating large amounts of proceeds of crime,” FATF said.Money laundering is …