‘Snow-washing’: What leaked banking records show about Canada’s role in money laundering


    Seventy offshore shell companies were used to move about $6 billion from Russia to the west, according a leak of 1.3 million banking records. The leaks also show that companies—particularly those working with the now-defunct Lithuanian bank Ūkio bankas—appear to be using Canadian addresses to launder money. (Globe and Mail, The Guardian)

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