They are viable vehicles for money laundering. That' s why they're named in the legislation. I would question whether they really understand the subtleties and sophistication of money laundering. I would guess not. In addition, a social insurance number is required to buy registered retirement products.
Cash transactions are a fraction of the laundering activities in Canada.
We can say we're less susceptible, but we have to maintain our vigilance. We welcome your feedback. All rights reserved.