Billions in Dirty Cash Helped Fuel Vancouver's Housing Boom
I'm of the opinion that money remaining fungible is of more importance to modern economies than preventing money laundering.<p>If crimes are performed to obtain such money, then the crimes are abhorrent no doubt. However the sending and receipt of said money afterwards, in-and-of-itself should not be a crime.<p>I believe it is not money laundering that is causing asset bubbles in specific jurisdictions, but the enforcement of anti-money laundering measures worldwide that is causing such illicit capital to concentrate to jurisdictions where avenues to launder them is accessible.<p>If the proceeds of crime can be spent in the jurisdictions where the crime took place, illicit capital will not cause asset bubbles.