Vancouver Model<\/a>\u201d of money laundering.<\/p>\nJian and his wife, Caixuan Qin, were prosecuted in 2018 in what was billed as Canada\u2019s biggest money laundering case. But it collapsed when prosecutors accidentally released the name of a key government informant to the defense counsel during a routine evidence disclosure.<\/strong><\/p>\nThe judge determined that continuing the trial would put the witness \u201cat risk of death.\u201d<\/p>\n
Jin himself led investigators to Silver International\u2019s door when they began surveilling him in 2015. The suspect was observed traveling between Silver\u2019s offices and \u201cvarious locations\u201d with \u201csuitcases, boxes, and bags containing large amounts of cash,\u201d according to one civil forfeiture lawsuit.<\/p>\n
\u201cMr Jin has been identified by BCLC (British Columbia Lottery Corp) as being involved in cash deliveries to high-stakes gamblers at casinos in the Lower Mainland,\u201d it claims. \u201cBetween June 27, 2012, and June 24, 2015, there were 140 casino transactions totaling $23,501,456 and related to casino activity involving Mr. Jin and his associates.\u201d<\/p>\n
Jin moved around $2.4 million between February 2017 and May 2017 alone, according to investigators.<\/p>\n
Burden of Proof<\/strong><\/h2>\nConsidine said the problem with PCTFA is that it requires prosecutors to prove that cash being laundered has a criminal origin, not simply that an unlicensed business is handling it.<\/p>\n
\u201cThe critical question is whether the Crown would be able to demonstrate that this cash was itself the proceeds of crime,\u201d he said.<\/p>\n
A judge or jury would need to be satisfied beyond reasonable doubt that the cash X was moving was \u2018obtained by or derived directly or indirectly from\u2019 the commission of an indictable offence \u2026 and \u2018was obtained or derived directly or indirectly as a result of\u2019 the commission of a designated offence,\u201d he added.<\/p><\/blockquote>\n
Considine recommended that the federal government amend the law to explicitly criminalize unlicensed money services.<\/p>\n
Toothless AML Laws<\/strong><\/h2>\nCanada has some of the weakest anti-money laundering laws in the developed world and an abysmal success rate for prosecutions. Some 86% of all money laundering charges between 2012 and 2017 were thrown out before trial, according to Statistics Canada\u2019s Integrated Criminal Court Survey.<\/p>\n
In 2019, the US State Department described Canada as a major global money laundering \u201cproblem,\u201d alongside Afghanistan, Macau, and Colombia.<\/p>\n
A 2020 British-based Tax Justice Network report noted that \u201cCanada\u2019s weaker anti-money-laundering laws provide criminals with the anonymity to not get caught and likely not be prosecuted if they are caught.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
British Columbia prosecutors will not bring charges against an alleged international gangster suspected of washing millions through the province\u2019s casinos. That’s despite a six-year investigation into his activities. Special prosecutor Christopher Considine, KC, said Wednesday that ambiguities in Canada\u2019s federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCTFA) meant that a prosecution \u201cwould […]<\/p>\n","protected":false},"author":36,"featured_media":165976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[13597,81894,85317],"acf":[],"yoast_head":"\n
BC Won\u2019t Charge Alleged Crime Figure with Money Laundering<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n