We know this is a problem. Previous Senate reports have estimated the size of money laundering and ATF issues might represent somewhere between $5 billion and $15 billion of activity in Canada alone. FATF has saluted the efforts we've been making and also pointed out some places where we could improve.
It seems that beneficial ownership is a big issue as well as the legal profession, privacy concerns, and others. Is Canada a haven for this? Are we the bad boy internationally compared to our international partners?