Canadian intelligence estimates that between $45 billion and $113 billion

Canadian intelligence estimates that between $45 billion and $113 billion is laundered each year.
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To provide context, at the higher end, this figure represents 5% of Canada's GDP.

This figure pertains solely to money laundering.

A 2021 report from the Royal Canadian Mounted Police (RCMP) indicates that approximately 29% of organized crime groups engage in money laundering. The accompanying screenshot from Grok highlights various drug and terrorist organizations operating in Canada.

This leaves 71% of organized crime groups focused on other illicit activities, such as drug trafficking, organized crime syndicates, and human trafficking.

If money laundering constitutes up to 5% of the Canadian economy, the total impact of all criminal activities on the economy remains uncertain. However, it is worth noting that El Salvador's President, Nayib Bukele, mentioned that his economic advisors estimated that crime accounted for 10% of El Salvador's economy prior to his crackdown on criminal activities.

How does Canada compare to that figure?

What portion of these illicit funds is invested in Canadian real estate?

To what extent have our political and judicial systems been compromised by such financial resources?

I will conclude with a statement from President Nayib Bukele, who recently remarked:

"When a criminal organization expands unchecked and dominates entire regions, like in Mexico, it is because it has allies in positions of power. Their message is clear and compelling: if a government cannot eliminate crime, it is likely that crime has already infiltrated the government!
Source @RCMP

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