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...

A 2014 probe originally targeted international money launderers. It eventually exposed an RCMP mole.

Canada missed an early chance to fight professional money launderers.

North York currency exchange owner named Farzam Mehdizadeh was arrested in 2016 with more than $1 million in cash during a traffic stop. Now he has reportedly left the country.