UK to scrap ‘golden visas’ in crackdown on money laundering

Canada can learn a bit here

Just goes to show what a vague evil "money laundering" is. How do the golden visas aid money laundering?

At least in Canada, it is a haven to park elicit money once you bought your residence here

*illicit

You don't need residence in Canada to park your money there... How does residency help you with this?

It is an insurance policy: easier to escape to when the Chinese regime comes hunting for your undeclared assets

Money laundering is a faux concept. A person has the natural right to do whatever they want with their funds.

But a person doesn't have the natural right to take from others and call it theirs. There are legal and illegal ways of earning money, and the possession of said money can be used as evidence of crime.

Money Laundering is specifically the process of taking money that was acquired through illegal means and obfuscating how that money was acquired so that it can no longer be used as evidence of wrongdoing.

It's a fancy way of saying "tampering with evidence".

This article is paywalled.