Close X
Friday, September 20, 2024
ADVT 
National

B.C. files application for Canada's first unexplained wealth order, minister says

Darpan News Desk The Canadian Press, 30 Nov, 2023 01:57 PM
  • B.C. files application for Canada's first unexplained wealth order, minister says

British Columbia's solicitor general says the government has filed the first-ever application to secure an unexplained wealth order in Canada.

Mike Farnworth says the notice of civil claim filed in B.C. Supreme Court is the start of a series of similar applications, which are powerful tools that "put those engaging in illegal activity on notice."

A statement from Farnworth says the province "will not tolerate criminals prospering in our communities" and it will pursue illegally acquired properties, luxury vehicles, money laundering schemes and businesses operating as fronts.

The minister says amendments to the Civil Forfeiture Act earlier this year allow the province to pursue "ill-gotten gains more efficiently" and compel people to explain how they acquired their wealth when there are suspicions about criminal activity.

Farnworth says B.C. will take forfeited assets obtained through unexplained wealth orders and redirect them to community safety and crime-prevention initiatives. 

He says that will help "repair the damage done by those who think that they can profit from crimes and illegal enterprises in British Columbia."

The province's statement says a hearing is expected on Jan. 11, 2024.

MORE National ARTICLES

Magnitude 3.9 quake recorded off B.C. coast, no tsunami or damage expected

Magnitude 3.9 quake recorded off B.C. coast, no tsunami or damage expected
A minor earthquake has struck off the coast of British Columbia. Earthquakes Canada says the 3.9 magnitude quake was registered just before 11:00 p.m. PDT. The epicentre was 198 kilometres west of Port Hardy, south of Vancouver Island. It was recorded at a depth of 10 kilometres. No tsunami is expected.

Magnitude 3.9 quake recorded off B.C. coast, no tsunami or damage expected

Freeland says feds will strike 'challenging' balance in fall budget update

Freeland says feds will strike 'challenging' balance in fall budget update
Finance Minister Chrystia Freeland said Tuesday the government's fall economic statement will focus on housing and affordability within a fiscally responsible framework. "That is a challenging balance to strike. Our government is committed to doing it," she said.  The federal government's financial statements were published Tuesday, revealing the deficit for the 2022-23 fiscal year came in at $35.3 billion. 

Freeland says feds will strike 'challenging' balance in fall budget update

BC's final cruise ship sets sail today

BC's final cruise ship sets sail today
Big numbers are being reported for B-C's cruise industry. The Port of Vancouver says its final cruise ship of the 2023 season is setting sail today. It says the 2023 cruise season in Vancouver has been the port's biggest season on record, with an estimated 1.25-million passengers this year.

BC's final cruise ship sets sail today

Israel increases strikes on Gaza ahead of expected ground invasion

Israel increases strikes on Gaza ahead of expected ground invasion
Israel has escalated its bombardment of targets in the Gaza Strip ahead of an expected ground invasion against Hamas militants.  The stepped-up attacks, and the rapidly rising death toll in Gaza, came as Hamas released two elderly Israeli women who were among the hundreds of hostages it captured during its devastating attacks on towns in southern Israel earlier this month.

Israel increases strikes on Gaza ahead of expected ground invasion

Macklem warned premiers about dangers of putting BoC's independence at risk

Macklem warned premiers about dangers of putting BoC's independence at risk
Bank of Canada Governor Tiff Macklem warned premiers who publicly asked the central bank to not raise interest rates last month that their requests could undermine the institution's independence. The premiers of Ontario, British Columbia and Newfoundland and Labrador wrote to Macklem ahead of the Bank of Canada's Sept. 6 rate decision, outlining concerns about the effects of higher rates on their residents and asking the central bank not to raise its key rate further.

Macklem warned premiers about dangers of putting BoC's independence at risk

Canada's defence minister says Hamas a threat to world, must be 'eliminated'

Canada's defence minister says Hamas a threat to world, must be 'eliminated'
Defence Minister Bill Blair says Hamas is a terrorist organization that is a threat to the whole world and must be "eliminated." Blair also says he has no expectation that Hamas would respect international law, including any agreement on a ceasefire.

Canada's defence minister says Hamas a threat to world, must be 'eliminated'