Amount of Money Laundering Activities in Canada in 2011

According to a report by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), between $4.8 Billion to $14.6 Billion (5 Billion to 15 Billion Canadian Dollars) in was laundered in Canada in 2011.

FINTRAC also reported 777 cases of suspicious transactions to law enforcement and government agencies during the 2010-2011 fiscal year.

(Threat intelligence on illicit financial transactions.)

Source:  Laura Payton, “Money laundering laws not working, Senate committee says,” CBC News, March 21, 2013.