Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the scale of the money laundering problem? How much money is laundered through Canada?

April 26, 2017laundered laundering money problem scale

0

Posted

What is the scale of the money laundering problem? How much money is laundered through Canada?

1 Answer

0

Posted

The International Monetary Fund estimates global money laundering to be between two and five per cent of GDP or half a trillion dollars. Money laundering in Canada alone is estimated to be in the billions of dollars.