CANADA: ALLEGED GANG KINGPIN MAY HAVE USED LIBERAL MP’S LAW FIRM TO LAUNDER MONEY THROUGH CONDO DEAL

Global News in Canada on 12th June reported that the law firm of Richmond Liberal MP Joe Peschisolido facilitated a secretive financial transaction that might have helped an alleged Chinese cartel “drug boss” launder his unexplained wealth through a Metro Vancouver condo development – in a so-called “bare trust” joint venture.  It is said that bare trust deals have become extremely controversial in the midst of the province’s money laundering scandal because the transactions allow investors to hide their ownership of land in documents only accessible to lawyers.

https://globalnews.ca/news/5346848/alleged-gang-kingpin-liberal-mp-law-firm-launder-money-bc/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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