Canada is increasingly being seen as a money laundering haven: anti-money laundering expert

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  • Опубликовано: 5 июн 2024
  • Canada's penalty regime for money laundering is too low, says Matt McGuire, principal and practice leader at The AML Shop, as he discusses TD facing fines and regulatory investigations over alleged money laundering.
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Комментарии • 154

  • @ElenaJonesuy2
    @ElenaJonesuy2 10 дней назад +155

    I can never catch a break in the stock market. I was up by nearly $4000 but I regret not selling sooner. Sometimes I think I am too impulsive and sometimes I think I'm not fast enough. The market is too volatile.

    • @Gabriel-Canyon
      @Gabriel-Canyon 10 дней назад

      It's frustrating to be up by nearly $4000 and then see it disappear. The stock market can be so unpredictable and volatile, it's easy to feel like you're constantly second-guessing yourself. It's tough to know when to sell and when to hold, and even tougher when you feel like you're missing out on potential gains or taking unnecessary losses. It's a constant rollercoaster of emotions.

    • @StephanieTroy-dp5gp
      @StephanieTroy-dp5gp 10 дней назад

      You're not alone in this,. Many investors face the same challenges and frustrations as you do. It's just part of the game. But it's important to remember that with the right mindset and strategy, you can improve your chances of success in the market.

    • @RebeccaRyan-xd9oi
      @RebeccaRyan-xd9oi 10 дней назад

      If you're finding it tough to make buying and selling decisions on stocks, you might want to consider working with an experienced financial advisor or mentor. They can help you develop a strategy and provide expert guidance on when to buy and sell. I personally work with an expert who has helped me make high profits. If you're interested, feel free to do some research and find a financial advisor who can help you achieve your investment goals.

    • @ElenaJonesuy2
      @ElenaJonesuy2 10 дней назад

      This is definitely considerable! Think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

    • @RebeccaRyan-xd9oi
      @RebeccaRyan-xd9oi 10 дней назад

      RPC Wealth IAF is an advisory Firm that I have worked with. If you search for her name online, you will find all the necessary information to contact and set up an appointment.

  • @alexgraham2979
    @alexgraham2979 20 дней назад +49

    Canada’s day of reckoning draws nearer

    • @theflowpowa42oshow
      @theflowpowa42oshow 17 дней назад +1

      What gonna happen to Canada lil man?

    • @luketracey3269
      @luketracey3269 13 дней назад

      Estimated to have lived sometime between 6th century to 2nd century BCE, little is known about his life. His traditional name "Kaṇāda" means "atom eater", and he is known for developing the foundations of an atomistic approach to physics and philosophy in the Sanskrit text Vaiśeṣika Sūtra. O ' Kanada
      In contrast to Mc- and Mac-, found in both Ireland and Scotland, the prefix O' is unique to Ireland. It is derived from the Gaelic word “ua,” also abbreviated as uí or Ó, meaning “grandson of.” Thus any name beginning with O' is without question an Irish patronymic...our language banned by an illigitimate Nazi waving royal that failed it's royal lineage DNA test that proudly claims Irish ancestry with it's bestie the jews. They call us plastic paddies while they bury and dig up Jew bones under pubs in an attempt to become Danny boy . Epic fail . 🍀. Modern Ireland' and Scotlands population has clearly changed . ..says Nazi waving illigitimate royal Elizabeth and her besties the Jews .

    • @theofficialmascot
      @theofficialmascot 11 дней назад

      If only

  • @Ynalaw
    @Ynalaw 18 дней назад +11

    Drug dealers have a lot of success in Canada, as they go unpunished. Its a successful career choice for a lot of newcomers.

  • @donyaschuk6538
    @donyaschuk6538 20 дней назад +9

    Just when you thought Freeland was the dumbest person running finance in a high position OSFI has for years been yelling 'hold my beer!'

  • @lominiski
    @lominiski 19 дней назад +7

    TD hahaha. This is a bank that recorded my cash deposit as a withdrawl.

  • @agodelianshock9422
    @agodelianshock9422 14 дней назад +3

    Its so bad my ex partner got accidentally caught up in one such scheme a few years ago trying to job hunt. She was essentially paid to transfer money abroad, when she found out what they were doing she stopped, reported it, and was rewarded with her accounts being frozen due to a fraud complaint from the launderers.

  • @dsbarclayeng1
    @dsbarclayeng1 20 дней назад +5

    Gasoline prices are Not determined by crude oil prices.
    Its decided by price-fixing between refineries via 'co-producer agreements'.

  • @MrMannyhw
    @MrMannyhw 20 дней назад +8

    Increasing? It’s always been since the 2000s. Money laundering heaven.

    • @himura357
      @himura357 20 дней назад +3

      Exactly. All these muppets can do is blame the sitting PM but it's been going on for decades. You have a system that allows for unlimited bidding and then wonder how things could go wrong.

    • @MrMannyhw
      @MrMannyhw 20 дней назад +2

      @@himura357 JT definitely made it more visible. SH was on board but gave enough carrots for us not to notice. JC period definitely our economy was eroded.

  • @theoffspring07
    @theoffspring07 20 дней назад +7

    I gave Trudeau the benefit of the doubt back in 2015. I figured we should give him a chance but he has been a horrible Prime Minister. If he isn't kicked out soon than Canada will be too far gone. This is coming from someone who use to vote Liberal/NDP

    • @waynejpark560
      @waynejpark560 19 дней назад +1

      Way to go…YOU voted for him.

    • @ronl1633
      @ronl1633 14 дней назад +1

      I'm glad you see him for the evil person he is finally.

  • @bathombre9739
    @bathombre9739 20 дней назад +7

    Canadians don't care until daddy government tells them what to care about

    • @priuss6109
      @priuss6109 19 дней назад +1

      Yes, regardless of whether that is wrong or right.

  • @davidlee8396
    @davidlee8396 20 дней назад +33

    We have the DRUG PRIME MINISTER. What did you expect?

    • @user-je6cy3pu3u
      @user-je6cy3pu3u 18 дней назад

      Yep tell me what he’s paid on capital gains with the hundred million swindled tax dollars? That we know about!

  • @therealbenjaminfranklin
    @therealbenjaminfranklin 19 дней назад +2

    It pays to be a criminal in Canada, little to no consequences

  • @brodieobrien-pickering2202
    @brodieobrien-pickering2202 20 дней назад +13

    He was a good person to have on. Finally not some pandering ceo or economist who says everything is gravu

  • @trevors1410
    @trevors1410 20 дней назад +18

    Brampton is the capital of Canindia

    • @Chimera2020
      @Chimera2020 20 дней назад +6

      Let’s not forget Chinkham and Richiranmond Hill

    • @camberwellcarrot420
      @camberwellcarrot420 18 дней назад +2

      Brahmapton

    • @egeb
      @egeb 18 дней назад +2

      Vanchina

    • @jonathansmithtv1763
      @jonathansmithtv1763 16 дней назад

      @@Chimera2020 You mean the upper middle class area where brown and Chinese live?

    • @Alanom2007
      @Alanom2007 16 дней назад +1

      Lol money laundering has been a thing from mainland China and HK. The Vancouver model they say

  • @user-vi8ci2bi6b
    @user-vi8ci2bi6b 20 дней назад +21

    There was a story in the Vancouver Sun 2 days ago reveling a CRA report. It said that of the top 5% highest priced RE in the GVA, that MOST of it was bought by people who paid less than 16k in income tax.
    Very fishy

    • @sharinglungs3226
      @sharinglungs3226 20 дней назад +6

      It’s how your market got detached from local income. Lots and lots of mostly Chinese money buying up real estate.

    • @user-vi8ci2bi6b
      @user-vi8ci2bi6b 20 дней назад +1

      So much for the foreign buyers ban.
      Lol
      Canada is a joke on so many levels

    • @billferguson1368
      @billferguson1368 20 дней назад +2

      What else would you expect from a trashy tabloid like The Vancouver Sun?

    • @user-vi8ci2bi6b
      @user-vi8ci2bi6b 20 дней назад

      @@billferguson1368
      Over the last few years the mainstream media has become fluff only.
      Van Sun is mainstream media.
      For them to run this negative story makes me think it's for real and not misrepresented.

    • @supermash1
      @supermash1 20 дней назад

      Welcome to Canada. A fucking joke of a country now.

  • @sovereignty14
    @sovereignty14 18 дней назад +3

    Ban foreign ownership of residential real estate. Now.

    • @egeb
      @egeb 18 дней назад +1

      Already done

    • @sovereignty14
      @sovereignty14 18 дней назад +3

      @@egeb , no, there's too many loopholes.

    • @egeb
      @egeb 18 дней назад

      @@sovereignty14 such as?

    • @Alanom2007
      @Alanom2007 16 дней назад

      They can just take PR and own. JT made it easier and if people that have money can easily evade it

    • @shauncameron8390
      @shauncameron8390 2 дня назад +1

      @@egeb
      Students and temporary residents are exempt from the ban.

  • @markdudley1727
    @markdudley1727 20 дней назад +3

    Anyone should be able to look up a number company and see who is behind the company!

  • @osawidatay
    @osawidatay 20 дней назад +20

    Was it not obvious enough when you have house prices in the millions, expensive cars everywhere, monopoly banks. Most Canadians are pretty poor and low investment causing low productivity. Everyone can agree Canada moves at snail pace and spends money like America ...but don't make green Lincoln bills. All talk no action ...Canada eh.

    • @donyaschuk6538
      @donyaschuk6538 20 дней назад +4

      Look at the performance of the SP500 versus the tsx. Trudeau has made a great country into Cuba.

    • @ftakenouchi1464
      @ftakenouchi1464 20 дней назад +2

      Well said. Right on the nail.

    • @Barr894
      @Barr894 17 дней назад

      That’s not because of money laundering. That’s because of artificially keeping rates at zero for a decade and then throwing helicopter money. The elite are using money laundering as an excuse to make everyone look away from them.

  • @donm2067
    @donm2067 20 дней назад +2

    We knew that 10 years ago wtf.

  • @user__100
    @user__100 21 день назад +10

    Canada uses Newcomers to pay pensions of old Europeans through tax

    • @mr2_mike
      @mr2_mike 20 дней назад +6

      Newcomers pay taxes? Doubt it. So no pension paid.

    • @madhukarmurthi9064
      @madhukarmurthi9064 20 дней назад +8

      @@mr2_mike Newcomers work, pay tax, and the savings immigrants bring to Canada have been the reason GDP has grown at all despite per capita GDP declining. Canada exploits immigrants while having some weird hubris about inviting them here out of generosity. The facts the Libs and NDP opened the gates far too wide is a separate issue: the entire business model of the country with an ageing population rests on immigration. Look up the data - Canada has never tried to be Japan.

    • @patrickcampbell-pelletier8678
      @patrickcampbell-pelletier8678 20 дней назад +4

      Cry me a river

    • @madhukarmurthi9064
      @madhukarmurthi9064 20 дней назад +4

      @@patrickcampbell-pelletier8678 Canada's downhill slide is well worth all it's citizens taking a good weep. Messing up with such a small population, large land mass and large resource base takes a special capability in mediocrity.

    • @whatinthefuckisgoingon
      @whatinthefuckisgoingon 20 дней назад

      I actually have witnesses that they do not pay taxes and actually get a hand out by the federal government to start up their businesses. ​@@madhukarmurthi9064

  • @andrewmccoll1582
    @andrewmccoll1582 20 дней назад +2

    Just the way Trudeau likes it

  • @MrPatrick1414
    @MrPatrick1414 20 дней назад +12

    JT has opened the door to all sorts crime. There's next to no consequences so the risk is worth it

  • @IgorSinitar
    @IgorSinitar 16 дней назад +1

    Canada has an honour system where we give one another the benifit of doubt. It's one of the pillars of our democratic society. Unfortunately, there are some bad actors ruining things for the majority. I have no idea how this can be fixed without curtailing some of the rights and freedoms we identify with. Challenging times indeed.

  • @hexxlaxx2992
    @hexxlaxx2992 20 дней назад +30

    Thanks to the lieberals party of Canada

    • @josephsmith594
      @josephsmith594 20 дней назад

      What did the Liberals do within their current tenure to make money laundering easier than it was before? Yeah, that’s what I thought. My shoelaces are untied, the Liberals did it.

  • @stevenchow408
    @stevenchow408 19 дней назад

    So what about the other banks?

  • @AdrianLoganLive
    @AdrianLoganLive 7 дней назад

    "Do Canadians just not care about money laundering?" - Ughhh, how much mental bandwidth is the average Canadian supposed to have, not only to be aware of this and 15 other very important things, but then to also monitor and protest it as well. It's not Canadian citizen's jobs to track and crack down on the money laundering that our own government seems to be looking the other way on. No one birth rates are plummeting. It's not easy to decide to willingly subject ones unborn children to a future that is objectively going to be worse off down the road than it was in the days past.

  • @timedmonds3
    @timedmonds3 20 дней назад +7

    IMO No One has a clue on where the Massive flood of money leaving Canada is going.
    Your tax dollars hard at work.

  • @PeterS-mx3ee
    @PeterS-mx3ee 19 дней назад +1

    For years, duffel bags full of cash were literally being brought into BC casinos and then the washed money is used to purchase real estate.

  • @RahulPatel-xd8qm
    @RahulPatel-xd8qm 20 дней назад +2

    Country with highest money laundering has highest house prices and inflation. Example: Pakistan

  • @MMK86
    @MMK86 12 дней назад

    here in Toronto, Canada, during the peak of the pandemic it was roughly estimated that 30% of our real estate was being used to launder dirty money....never mind the stuff that goes on in Vancouver

  • @dazzler662
    @dazzler662 17 дней назад

    About damn time this is being taken more seriously.

  • @purethinking269
    @purethinking269 20 дней назад +2

    Hey bnn, talk to Sam Cooper on money laundering. Who edited the beginning of this video?

  • @priuss6109
    @priuss6109 19 дней назад

    Thank you, Mr. McGuire, for doing what you do.

  • @Doctor_Bong
    @Doctor_Bong 19 дней назад

    Such low fines make it irresponsible to *not* be laundering money.

  • @Icecold0505
    @Icecold0505 20 дней назад +1

    Crime pays in Canada

  • @gmax9797
    @gmax9797 16 дней назад

    How about Real estate?

  • @annah.4488
    @annah.4488 16 дней назад

    Shall we quit our low paying jobs and protest? If money laundering increases housing prices, our vile government will support it to share a profit with their developer and large landlord friends.

  • @TechFollower
    @TechFollower 18 дней назад

    Canada is already become La La Land

  • @maryjoan4128
    @maryjoan4128 14 дней назад

    More incompetence

  • @user-lb8bg6kj9m
    @user-lb8bg6kj9m 20 дней назад +7

    Could this anti-money laundrring expert be another CBDC dystopian nightmare pusher.... 🤔

    • @PeterS-mx3ee
      @PeterS-mx3ee 19 дней назад +2

      I thought the exact same thing.

  • @WalterDorcas
    @WalterDorcas 19 дней назад

    My dividend journey began when I realized that two particular expenses in my budget were always going to go up and never go down. The two expenses were taxes and insurance. I realized that the dramatic rise in both will need some added income. So, I started buying shares paying dividends. I can now see that this will be the path I need to take to make sure those two expenses will not overtake my future income.

    • @soniajames-tn4mp
      @soniajames-tn4mp 19 дней назад

      As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.

    • @Johnmark-iq4gg
      @Johnmark-iq4gg 19 дней назад

      A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

    • @lynb1022
      @lynb1022 17 дней назад

      Your dividend journey began when you decided to create a fake profile to post fake financial-planner scams on RUclips.

  • @moomagpie4265
    @moomagpie4265 15 дней назад +1

    I should have been a drug dealer. damn.

  • @synergygaming65
    @synergygaming65 20 дней назад +4

    The penalties here are so incredibly weak, especially after the Liberal criminal code revision.

    • @user-je6cy3pu3u
      @user-je6cy3pu3u 18 дней назад

      Yep and the biggest criminal organization can’t even tell us where our tax dollars went???? Banks are all seemingly loosing money at every turn

  • @akhan9969
    @akhan9969 16 дней назад

    Canada has a very little to no supervision on bringing in offshore wealth. It makes it more difficult for the Canadians to compete with black money acquired illegally from the third world countries.

  • @kL-li8qn
    @kL-li8qn 20 дней назад +6

    I wonder if Chinese $$$ is entering Canada?

    • @butwhytharum
      @butwhytharum 20 дней назад +2

      it was, once borrowing rules in china got stricter the money taps stopped flowing over here, and once the interest rates here went up the money already here stopped getting leveraged like it did over there.

    • @sharinglungs3226
      @sharinglungs3226 20 дней назад +4

      @@butwhytharum there’s a book called willful blindness that details how they get around moving more money than allowed outside of the country. It’s still happening just less so than before because China’s real estate market has been crashing and they need to bring money back to prop things up.

    • @Alanom2007
      @Alanom2007 16 дней назад

      Lol thats how housing skyrocketed. Look at Cullen Commission for example

  • @aleckocsis7648
    @aleckocsis7648 16 дней назад

    Some of these things these guys say is crazy not letting you get different banks never knew I had to ask the Draconian masters

  • @e_valley2707
    @e_valley2707 20 дней назад

    Without including Morgan Stanley's issues this segment seems worthless.

  • @theflowpowa42oshow
    @theflowpowa42oshow 17 дней назад

    BAU

  • @CalvinPicard
    @CalvinPicard 13 дней назад

    You keep on banking and mind your own damn business

  • @calm9447
    @calm9447 18 дней назад +1

    Is that how Trudeau increases his personal wealth so much ?

  • @bigsid3011
    @bigsid3011 20 дней назад +3

    Liberal apathy is the hallmark of Trudeau's tenure! FJT

  • @hilwaamanamankiyar-pp5bf
    @hilwaamanamankiyar-pp5bf 20 дней назад

    EMHSG20/5/6/6

  • @billferguson1368
    @billferguson1368 20 дней назад

    What nonsense.