Canada is grappling with a severe money-laundering issue that aids organized crime and the fentanyl trade, provoking potential tariff threats from the U.S. Although Canada only accounts for 0.2% of U.S. fentanyl seizures, it has shifted from merely consuming fentanyl to becoming a producer and exporter. Experts highlight that organized crime groups exploit regulatory loopholes and light penalties, worsened by the cross-border nature of narcotics and money-laundering networks. The implications of these illegal operations extend beyond domestic borders, implicating Canada in transnational crime activities.
The profits from fentanyl produced in Canada for the Canadian market are often laundered inside the country through banks, real estate, casinos and other fronts.
Organized crime groups choose Canada because it puts them inside of what was, at least before the threat of tariffs, a free-trade zone.
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