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Why is it "bad" when illegal money is brought into Canada?

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iflyplanes wrote: Admit nothing. Deny everything. Make counter-accusations.
lol at my work its "its better to ask for forgivness than permisson"
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iflyplanes wrote: Admit nothing. Deny everything. Make counter-accusations.
smacd wrote: The Trump playbook!
I was going to Liberals but then I would be off topic. But love that. Looks like steps in climbing the corporate ladder.
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
New Mantra for idiots Just ask RFD before searching answers anywhere.
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sandeep8g wrote: RCMP - CSIS
Project Sidewinder
June 24, 1997

https://www.primetimecrime.com/Articles ... ge%201.htm

Its all laundered money.
Former B.C. casino supervisor blows whistle on when Macau-style money laundering may have exploded

https://globalnews.ca/news/5215614/mone ... r-journal/
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There are tons of 3rd world corrupt politicians living in canada, with their families.
All their money has been laundered TO the western world and they make sure they never get caught. Canada knows it but keeps silent cuz money is HERE. All that money that was to be spent on 3rd world poors ends up back here. And you dont see those corrupt people doing ordinary jobs. They live lavish styles here cuz of looted weath from other poor countries. The west gives these people residencies, visas and all facilities too.

No punishment for corruption, but rewards
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apnayloags wrote: There are tons of 3rd world corrupt politicians living in canada, with their families.
All their money has been laundered TO the western world and they make sure they never get caught. Canada knows it but keeps silent cuz money is HERE. All that money that was to be spent on 3rd world poors ends up back here. And you dont see those corrupt people doing ordinary jobs. They live lavish styles here cuz of looted weath from other poor countries. The west gives these people residencies, visas and all facilities too.

No punishment for corruption, but rewards
couldn't have said it better. nicely done sir.
Image
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
New Mantra for idiots Just ask RFD before searching answers anywhere.
Newbie
Apr 21, 2014
42 posts
Mississauga, ON
webdoctors wrote: Its the laundering that's problematic. If someone buys a bunch of maple syrup to resell or corner the market to launder the cash, it'll mess up the supply demand curve. Imagine someone buying all the videocards for 2 years, causing GPU prices to rise. Same with Toronto real estate. Folks paying over MSRP, for GPUs, sometimes 2X to get one.

If its an unlimited supply, like say bottled water, ya it doesn't matter .

Its only bad because the whiners are complaining that there's ppl richer than them.
Not to derail the discussion at hand, but, bottled water isn't unlimited.
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Illegal money don't exist yet you have to spend time and money to find the illegal money and then realized it's been laundered for far too long and where do you get your time and money back tracing something that should not exist in the first place.

Moving on, I wonder how many areas in Canada is unpopulated and people are just taking claim by simply traveling there and start building without worrying about taxes. It's suppose to be vacant land. Anyways most people will say they don't understand me again. Please don't quote me. I don't want to be notified that you read my post and wanted to quote it.
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Jan 9, 2011
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burnt69 wrote: A few very ignorant people, usually with a racist agenda, are running around claiming that successful Chinese-Canadians are buying housing in Vancouver/Toronto, not with money they saved/earned/borrowed, but rather, with funds they illicitly and covertly acquired. As a rationalization of extreme housing prices. Nothing could be further from the truth.
You're missing the facts. It's true that most of the money used by Chinese investors buying Canadian investment properties is "clean" money earned through legitimate business. Problem is, wealthy Chinese are jittery about keeping their money in China, because there's a fear that everything could go belly-up at any time and they'll lose it all. So they want to move it out of the country to "safe" overseas investments. But China only allows $50,000/year per person to leave China. So how are all of these investors getting around that? They have ways. And there are a great many people working in Canadian financial institutions who know what strings to pull and how to obscure the slicing up and transfer of millions out of China so the Chinese government doesn't see it. This may not be illegal under Canadian law, but it's definitely illegal under Chinese law.

Your "no evidence of inflows of capital to Canada" is quite laughable.
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Jul 8, 2017
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Kiraly wrote: You're missing the facts. It's true that most of the money used by Chinese investors buying Canadian investment properties is "clean" money earned through legitimate business. Problem is, wealthy Chinese are jittery about keeping their money in China, because there's a fear that everything could go belly-up at any time and they'll lose it all. So they want to move it out of the country to "safe" overseas investments. But China only allows $50,000/year per person to leave China. So how are all of these investors getting around that? They have ways. And there are a great many people working in Canadian financial institutions who know what strings to pull and how to obscure the slicing up and transfer of millions out of China so the Chinese government doesn't see it. This may not be illegal under Canadian law, but it's definitely illegal under Chinese law.

Your "no evidence of inflows of capital to Canada" is quite laughable.
There is no limit on how much a Chinese citizen can transfer out of the country once the person obtained a foreign residency (like a Canadian PR). Also there is no capital outflow cap on any Chinese Citizen who is also a PR of Hong Kong. Most wealthy Chinese citizen has a Hong Kong PR as well. Those who need to slice up into pieces to do a transfer are really the small potato Chinese investors.
Last edited by Silver1234 on May 3rd, 2019 4:30 pm, edited 2 times in total.
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Poppwl wrote: Illegal money don't exist yet you have to spend time and money to find the illegal money and then realized it's been laundered for far too long and where do you get your time and money back tracing something that should not exist in the first place.

Moving on, I wonder how many areas in Canada is unpopulated and people are just taking claim by simply traveling there and start building without worrying about taxes. It's suppose to be vacant land. Anyways most people will say they don't understand me again. Please don't quote me. I don't want to be notified that you read my post and wanted to quote it.
Its vacant but it not yours. It belongs to Crown. Crown is right word? May be federal Or Province or city. I am sure it is illegal.
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
New Mantra for idiots Just ask RFD before searching answers anywhere.
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Feb 29, 2008
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apnayloags wrote: There are tons of 3rd world corrupt politicians living in canada, with their families.
All their money has been laundered TO the western world and they make sure they never get caught. Canada knows it but keeps silent cuz money is HERE. All that money that was to be spent on 3rd world poors ends up back here. And you dont see those corrupt people doing ordinary jobs. They live lavish styles here cuz of looted weath from other poor countries. The west gives these people residencies, visas and all facilities too.

No punishment for corruption, but rewards
Canada is an amateur destination for corrupt thrid world officials. France is king:

https://www.theguardian.com/world/2017/ ... -in-france
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mr_raider wrote: Canada is an amateur destination for corrupt thrid world officials. France is king:

https://www.theguardian.com/world/2017/ ... -in-france
wow. News to me. I thought UK was. I was thinking Russian billionaires pouring their money in UK.
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
New Mantra for idiots Just ask RFD before searching answers anywhere.
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callernamet wrote: wow. News to me. I thought UK was. I was thinking Russian billionaires pouring their money in UK.
WTF? UK?

French food, French wine, French designer clothes, French whores.

Who wants to live it up in London?
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mr_raider wrote: WTF? UK?

French food, French wine, French designer clothes, French whores.

Who wants to live it up in London?
almost every Indian billionaire and fraud artists and money launderer from India?
also many gangster dont go to UK but countries like South Africa. Or that continent.
I dont care about Ethics, morals, rules or laws. I will apologies only when I get caught.
I try not to apologies but sometimes do it. not because its right thing but it benefits me.
New Mantra for idiots Just ask RFD before searching answers anywhere.
Deal Expert
Feb 29, 2008
24830 posts
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callernamet wrote: almost every Indian billionaire and fraud artists and money launderer from India?
also many gangster dont go to UK but countries like South Africa. Or that continent.
English Food, English Wine and English whores? No Thank You!

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