Mary tries to figure out how Lee was compromised; fearing a leak within CSIS, she gets Vancouver Homicide to investigate Lee's death. Ronnie is certain Michael was hit by the bikers, and wants to strike back. Mary finds out Donny received a call from a police Commissioner in Hong Kong the day before he killed Lee. Reardon takes a meeting with a new marijuana supplier, who is actually a DEA undercover operator. Martin investigates Canadian research scientists selling seed patents to American agri-businesses. Mary arrests Bingham and convinces him to provide her with info on his gun-running connections. She wants Reardon to work with Bingham, but Reardon only agrees after Mary confirms it was the bikers who hit Michael. Mary learns that it was Deakins who called the Hong Kong police commissioner. Reardon meets with Phan about hitting the bikers' money exchange.

Reardon's team works out details on how to rip the bikers' money courier. Forrest introduces Mary to his ex-CIA contact, Flannegan. Flannegan gives Mary info on CSIS Director Royden's U.S. ties in exchange for info on Luiz Falcone, a Mexican cocaine exporter. Mallaby warns Mary that Homicide is making waves in Ottawa over questions about who had access to the files on Lee. Ronnie sets up Sweet as the owner of their new money stash house. Reardon's lawyer tries to convince Reardon to set up his own bank. Martin learns that an American agri-business is planning on stealing the Canadian researcher's seed patents. Mary tries to get Deakins suspended from CSIS. Reardon's rip on the bikers' money courier ends in violence. Reardon is with the undercover dope operator when they are pulled over by police. Mary and Flannegan discover that Luiz Falcone is protected by the DEA.

Winston, the DEA undercover agent, convinces the constable to call Ted and let him go. Reardon distances himself from the Viets after the fallout with the dead courier, who turns out to be Dante's nephew. Michael ID's the guy who attacked him as a biker associate. An unstable Francine begs Ronnie to be brought back into the "family." Mary believes Royden is the bigger mole within CSIS, and decides to work with Deakins and Ted in order to go after him. Reardon takes delivery of the DEA dope from Winston. Hogarty and Coombs convince Reardon to invest in an offshore bank. Michael finds the guy who attacked him, spurring Reardon and Tremblay into action. Forrest and Flannegan install surveillance in Falcone's boat, and Mary finds out that Bingham is meeting with Falcone and the DEA about a gun shipment.

The DEA begin tracking Reardon's dope shipment and his U.S. distribution. Tina overhears Reardon's banking plans, but Mary wants concrete details. Mary reigns in Bingham, reminding him he's supposed to be working for her. She wants to find out if the DEA made a deal with Falcone, or if DEA guy is a rogue agent. Reardon gets a possible tip on some government ferry contracts. Mary recruits Katarina to help in her plan to go after Royden. The DEA try to get Reardon to take a shipment of cocaine instead of weed. Reardon refuses and an impatient Ted pushes the DEA to jump on Reardon's US distribution now. Martin tries to turn one of the Canadian research scientists involved with the Americans. Reardon meets with Dante about calling a truce on the small-time ATMs, instead offering to launder the bulk of their money through Reardon's banking venture. Tina gets Hogarty's briefcase and calls Mary.

Reardon puts up his shipping company as collateral in order to secure a loan to purchase the bank. Reardon's stateside distributor, Alex Morgan, is caught up in the DEA sting. Mary is told her investigation of Royden must go black. Mary sets Katarina up with a business front as cover for her sting on Royden. Reardon sets up a fake sting of his own to test Francine's loyalty. Michael tries to get his money back after a business deal sours. Under Mary's direction, Reardon agrees to handle a shipment of arms for Bingham. Royden looks to move to Vancouver in anticipation of taking over the CSIS office. Morgan works with the DEA in trying to get Reardon down south across the border. Mary conflicts with Ottawa over the best way to handle Royden. Dante kidnaps one of the Vietnamese, Johnny, and threatens to torture him in order to find out if Reardon had anything to do with the death of his nephew.

Reardon tries to uncover who's planning to out him as an informant. Mary sets up wire in Royden's hotel room. Reardon calls Morgan and agrees to meeting. Hogarty agrees to stash all of Jimmy's money in his bank vault. Reardon narrows his search to two possible names, Ted and Royden. Mary warns Katarina and Bingham to get out of town. Ottawa tells Mary that she is being removed from the investigation. Mary gets Forrest to leak to the CIA that Mary is onto Royden. Ronnie wants Tremblay to let Phan attack Dante. Coombs has narrowed the search to Royden. Mary and Martin overhear Royden and his handler and they head to arrest him, but find him dead. Reardon meets with Morgan and realizes it's a set-up. Ted learns Williams is contemplating having Reardon killed rather than arrested. Reardon calls Francine. He tells her he loves her and warns her to get out of town.

Reardon does all he can to push through the Bahama bank deal. Mary is tapped to bury a story.