Concealment and tax evasion
Money laundering is a key weapon in the arsenal of financial criminals and generally involves concealing the origin of money acquired illegally (through illegal speculation, mafia activity, drug trafficking, arms trading, extortion, corruption, tax fraud, etc.) in order to reinvest it in legal activities. This is an important stage, because without laundering, criminals could not massively use their illegal gains without being caught.
Tax evasion can also consist in hiding money away from the government to avoid paying the consumption and income taxes required by these sums.
Cases of money laundering can be extremely complex and involve multiple players in the context of transnational and illicit underground activities.
SIRCO is qualified to investigate presumed cases of money laundering, both in Canada and abroad, including offshore transactions.
