TOPIC: MONEY LAUNDERING IN B.C.
Allegations B.C. prioritized gaming revenue over money laundering are 'offensive,' former minister says
A former B.C. finance minister has denied allegations the government deliberately ignored the growing issue of money laundering in casinos because they were more concerned about protecting revenue, describing claims to the contrary as "offensive."
B.C. government 'ill suited' to manage gambling, former lottery corp. chair tells inquiry
The former chairman of the board at the British Columbia Lottery Corp. says he advised cabinet ministers in two different governments to get out of high-end gaming where bet limits reached $100,000.
Large number of high-threat organized crime groups have links to B.C., inquiry hears
A public inquiry into money laundering has heard that British Columbia appears to have more high-level organized crime groups than other provinces.
Canada must expose hidden company owners to end 'snow washing,' inquiry hears
Canada must urgently create public registries that reveal the true owners of corporations in order to shed its international reputation as a destination for laundering the proceeds of crime, an inquiry into the issue heard Wednesday.
Mandatory anti-money laundering course rolls out for B.C. realtors
Completion of the course is required for all professional real estate agents in order to renew their licences starting April 1.
Ottawa announces $10M in RCMP funding to investigate money laundering
Federal Finance Minister Bill Morneau announced another $10 million in funding for the RCMP so it could further investigate money laundering across Canada after a special meeting of federal cabinet ministers and their provincial counterparts Thursday.
B.C. asks universities, colleges to review cash policies after money laundering report
B.C. has asked post-secondary institutions across the province to review their financial policies and immediately stop accepting large cash payments from single students, days after another explosive report said such institutions may be another avenue for money laundering.
'Done with asking nicely': B.C. announces public inquiry into money laundering
B.C. Premier John Horgan announces a public inquiry into money laundering in the province after meeting with his cabinet Wednesday morning.
B.C. colleges vulnerable to money laundering, report finds
Investigating team heard some international students pay their fees in cash, then "withdraw and receive an institutional cheque in reimbursement." If the cash comes from the proceeds of crime, this is a classic way of turning dirty money into funds that appear clean.
Can a public inquiry into B.C.'s dirty money problem help?
Some people calling for a public inquiry point to the success of Quebec's Charbonneau Commission, which dealt with corruption in the construction industry. Others say two reports about money laundering with scores of recommendations is enough.
'An incredibly troubling notion': Drastic new tool to fight money laundering alarms civil rights advocates
B.C. has a $7.4-billion dirty money problem, and some experts are recommending a controversial solution: the ability for the government to seize property without finding a crime.
Amid more 'dirty money' revelations, BCLC seeks 'anti-money laundering solution'
The B.C. Lottery Corporation is looking for a contractor to provide an "anti-money laundering solution" after its last attempt to crack down on the problem ended in what former RCMP deputy commissioner Peter German termed a "software debacle."
Homemakers buying multiple homes, layers of shady mortgages and other signs of dirty money in B.C. real estate
"Criminal profiteers distorting a provincial economy is not inevitable," Attorney General David Eby said. "And while it may be our present, it is not our future anymore."
Money laundering funded $5.3B in B.C. real estate purchases in 2018, report reveals
An estimated $5.3 billion worth of real estate transactions in B.C. last year were the result of money laundering, helping to fuel the province's skyrocketing housing prices, according to a new report.
Fast cars and bags of cash: Gangsters using B.C. luxury car market to launder dirty money
B.C. money laundering investigator and former Mountie Peter German says thousands of luxury cars worth millions of dollars are being purchased every year in B.C. by criminals as a way to launder proceeds of crime.
In Depth
Bag containing $100K allegedly stolen as thieves foil Chinese money 'exchange'
Guns were drawn. A plastic bag containing $100,000 in bills was stolen. And police interviewed seven witnesses. But who was the actual victim?
Vancouver's Parq casino looks to refinance amid debt pressure
The company that owns Parq Vancouver, which opened in 2017, has deferred payment on a loan twice.
B.C.'s real estate professionals on what they need to stop money laundering in housing
Key players in B.C.'s real estate industry have put forward several recommendations they say will help in the fight against money laundering. The provincial government is welcoming the joint suggestions as it reviews a pair of reports before cabinet decides whether to launch a public inquiry.
CBC Investigates
Former RCMP proceeds of crime head warned bosses of weakened dirty money investigations
The former head of the B.C. RCMP's Proceeds of Crime section says he feared Canada would be unable to meet international obligations when the force decided to disband its teams of money laundering specialists in 2013.
Shocked, angry British Columbians push for inquiry into RCMP's money laundering resources
British Columbians have been left reeling with some calling for a public inquiry after a new report showed there are no federally-funded RCMP officers dedicated to investigating money laundering in the province.
No federally funded RCMP officers dedicated to money laundering in B.C., report reveals
Peter German says the only RCMP resources dedicated to investigating money laundering in B.C. are provincially funded or operating under the provincial policing agreement. Police, however, say the situation is more complicated.
Man arrested in money-laundering probe had stacks of $100 bills in his pocket, court documents say
Even as the B.C. government reviews a pair of reports on money laundering, a search warrant reveals an investigation into a Richmond man linked to thousands of dollars worth of unusual transactions.
B.C. introduces law to prevent money laundering, tax evasion in real estate
The British Columbia government introduced legislation Tuesday aimed at preventing tax evasion and money laundering by shining a spotlight on anonymous real estate owners hiding behind shell and numbered companies.
New money laundering reports will be released 'as soon as possible'
The B.C. government has received a pair of long-awaited reports looking into money laundering and says it will thoroughly review both reports before deciding whether to launch a public inquiry.
Federal crime reduction minister says it's hard to get fix on money laundering
Heightened efforts are underway to halt the flow of dirty money, Organized Crime Reduction Minister Bill Blair said Wednesday.