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> like corrupt leaders in Africa, the Middle East and the developing world all dump their ill gotten gains into the opaque system away from prying eyes. Not ju
by 908B64B197 5y ago
> like corrupt leaders in Africa, the Middle East and the developing world all dump their ill gotten gains into the opaque system away from prying eyes.
Not just limited to London. Vancouver is a prime example of that thanks to an out of control immigration policy coupled with almost no enforcement for financial crimes [0].
Anyone with money who can't pass the stricter bar for US immigration and investment tries to hide it there.
[0] https://en.wikipedia.org/wiki/Snow_washing https://en.wikipedia.org/wiki/Snow_washing
- BeetleB 5y ago> Anyone with money who can't pass the stricter bar for US immigration and investment tries to hide it there. I believe a few years ago Canada eliminated the immigration category that lets you move there just based on wealth.
- earleybird 5y agoWere you thinking of the Provincial Nominee Program(PNP)? https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/provincial-nominees/works.html https://www.canada.ca/en/immigration-refugees-citizenship/se... https://www.welcomebc.ca/Immigrate-to-B-C/About-The-BC-PNP https://www.welcomebc.ca/Immigrate-to-B-C/About-The-BC-PNP
- BeetleB 5y agoNo - the federal government had different categories of immigration, and one of them was wealth based. They eliminated that category a few years ago.