Money Laundering in Canada

Between 2005 and 2010, prosecutors in Canada filed 936 charges of money laundering to individuals in the country. Out of those charges, prosecutors obtained convictions in 134 cases, a conviction rate of 14 percent.

Financial intelligence officials say that many charges of money laundering are dropped in exchange for guilty pleas for other charges, such as drug trafficking.

The Royal Canadian Mounted Police estimates that between $5 Billion to $15.2 Billion is laundered in Canada each year.

Source:  Linda Gyulai, “Attention turns to assets after mass arrests,” Montreal Gazette, May 10, 2013.

(See more laundering estimates from other countries.)