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One address, 76 foreign currency dealers: Inside Canada’s money service business ‘clusters’

One money laundering expert calls it an “abuse of the system”

Zak Vescera

25 Jul 2024 9 min read

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A three-storey grey building in downtown Vancouver with a vegan pudding shop and a massage parlour on its storefront.
This building at 422 Richards St. in downtown Vancouver is the registered address for 90 money services businesses, including 10 that have had their registrations revoked. (Zak Vescera/IJF)

Zak Vescera
Zak Vescera

Zak is a Vancouver-based reporter focusing on white-collar crime in British Columbia. He previously reported for The Tyee and The Saskatoon StarPhoenix.

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