Ken, Canadian athorities (while having enough evidence) failed to act so many times, and let the criminals just walk out laughing at them.
Just the market share of canadian money laundering networks (Payza/SolidTrustPay/Egopay) i would say currently is 60%. (The rest being PerfectMoney/Payeer/OkPay - all russian)
Yes 60% of cybercrime money are going through them and interconnecting to canadian and offshore banks, FinTRAC totally fails to do what it MUST.
Such infrastructure attracting the criminals to your country. I knew several HYIP admins in Canada, with enough evidence to lock them up, nobody at all wants to arrest them - it is like the twilight zone.
And no, nothing changed, it became worse as number of SCAMS increases, i can tell you in US it definitely went down, people prefer to base their operations in Canada because it is progressive country with high standard of living but lacks on prosecution of the white collar crime – which attracts criminals from other countries to move in, or locals to commit such crime.
Things like STP/Egopay/Payza cannot exists in US as long as they been committing money laundering in Canada.
And nobody attacks your country, just that inability of the authorities to act, there are definitely worse countries but scammers would better take Canada with their banks who can move huge $$ offshore hiding from the authorities :)
I can tell you even more, Ukraine and Russia is about 70% of all HYIP fraud market, i would never go on defense if you told me that.
But even they use Canadian banks and money laundering networks.
P.S. You will have a chance to see yet again how canadians will screw up with BB and Nick Smirnoff
- they will probably just fine them or 1-2 years in prison or just will let them go or run.
P.P.S. As another point
go through the canadian list of securities violations,
filter out offline ponzi schemes, and see how the criminals paid for it – it is a freaking twilight zone - just a slap on hands and a fine.
Track down how many of those were charged criminally after it, you would be surprised , sometimes I would even think that Canada was built for financial crimes.