The report set out to identify the best way of defining the contours of the problem. Ultimately, it could not settle on a single solution, with estimates ranging from $5-billion to $40-billion
Canada has no idea how much dirty money local gangsters, violent drug cartels and sophisticated transnational gambling networks are washing within its borders every year, according to a confidential draft research paper from the country’s money-laundering watchdog.
“Analysis has been done on this issue for approximately 20 years; however, there appears to be no consensus on which methodology, if any, can be relied on for this purpose,” the 19-page report states in its findings section. “We need to measure or estimate the change over time, in constant dollars, to gauge if we are making a dent in the problem or not and whether the measures we are taking to combat [money laundering] are working or not,” said Mr. Meunier, who also serves as a senior adviser to Transparency International Canada."It is not an easy task, but we need to come up with a means of properly assessing the problem.
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