Iranian-Canadian community leaders and anti-money laundering experts say Canada is failing to police the explosive growth of Toronto-based underground currency exchanges that are laundering drug money, financing foreign terrorist groups, and supporting the Iranian regime.
Kaveh Shahrooz, a lawyer and human rights activist, and Reza Banai, a Toronto businessman and former president of the Iranian Canadian Congress, said details of a Global News investigation into money laundering in the Toronto currency exchanges highlight a crisis that was already recognized in the Iranian community.
What Are Sources Of Iran’s Financing Of Terrorist Groups?
Mohammad Reza Naghdi, deputy coordinator of the IRGC, admitted that Iran has spent billions of dollars in the region over the past 30 years, in an interview with “Studio Negah Yek”, of the first channel of Iranian TV.
Of course, the IRGC’s budget and its financial aid to its allied forces in the region is not clear, but the main income of the IRGC, in addition to its dedicated official budget by the government, is provided from both domestic and foreign sources. The IRGC is currently involved in all economic and financial affairs in Iran and is the owner or shareholder of the largest commercial and economic sectors of the country, while it is exempt from paying taxes, and even the government does not supervise the IRGC’s financial affairs.
