Canada needs to do more to tackle corrupt real estate cash

Corrupt foreign money is being used to buy high value real estate in Canada and the country is not doing enough to tackle the issue.

That’s according to a new report from Transparency International, a German-based think tank, which says Canada, along with others such as the US and Australia, has weak restrictions that allow the cash to enter the country.

Claims that large amounts of corrupt funds are being used to buy homes in Toronto and Vancouver are difficult to substantiate, the organization says, but it has called on Canada, and other countries, to fully adopt the principals that the G20 leaders agreed in 2012.
 

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