Vancouver became a byword for money laundering, fuelled by Chinese cash. Can it flip the script?United States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostIt is known as the “Vancouver model” – a criminal technique that turned the Canadian city into a byword for international money laundering.The term, coined by Australian academic Professor John Langdale of Macquarie University in 2017, described a process in which launderers would simultaneously smuggle Chinese money to Canada in circumvention of Beijing’s cash export laws, while sending Canadian drug money back to gangsters’ bank accounts in China, all facilitated by British Columbia casinos,…Read More

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