Who benefits from runaway money-laundering in Canada?

With TD Bank facing multi-billion dollar fines in the US, Canada's minimal anti-money laundering efforts come into sharp relief. Do we really care?

To hear US prosecutors tell it, 43-year-old Da Ying Sze of Queens, New York, needed nothing more than $200 gift cards to penetrate the world-class risk management systems of TD Bank and launder US$653 million through dozens of the bank’s American branches.

Although Da Ying Tze pleaded guilty to money laundering in a  New Jersey courtroom in 2020, the cas…