Money Laundering Convictions in Canada

Between $5 Billion to $15.2 Billion (5 to 15 Billion Canadian Dollars) is laundered in Canada every year, according to the Royal Canadian Mounted Police.

The suspects who launder money are identified in 18 percent of the cases. Of the cases where a suspect is found, the government is able to get a money laundering conviction one-third of the time.

(More on money laundering cases and statistics.)

Source:Julian Sher, “Money laundering going largely unpunished in Canada,” Globe and Mail, June 27, 2011.