National

B.C. To Probe Money Laundering 'Red Flags' In Real Estate, Horse Racing

Darpan News Desk The Canadian Press, 27 Sep, 2018 06:22 PM

VICTORIA — The British Columbia government is launching separate reviews into the possibility of money laundering involved in the real estate market, horse racing, luxury vehicle sales and the financial services sector.

The investigations arise from a report by former RCMP deputy commissioner Peter German who concluded there was money laundering in the provincial gaming industry.

The first part of the review will be led by the Finance Ministry and will identify systemic risks that leave the real estate and financial services sectors open to money laundering.

The second probe by the Attorney General's Ministry will investigate specific case examples and uncover ways that launderers have operated in the province.

Attorney General David Eby says there is widespread concern about B.C.'s reputation as a haven for money laundering and German will conduct the second review focusing on identifying the scale and scope of illicit activity.

Eby says German's first report raised red flags in financial sectors that can't be ignored.

Prev Next

MORE National ARTICLES

Alberta City's Cartoon Cannabis Spokesman Up In Smoke After Parental Backlash

The official cartoon cannabis spokesman for the City of Leduc, just south of Edmonton, only lasted about a week before the administration decided to roll him on to the shelf.

Alberta City's Cartoon Cannabis Spokesman Up In Smoke After Parental Backlash

Air Canada Pilots Say Near Collision Should Prompt Ottawa To Address Pilot Fatigue

TORONTO — The union representing Air Canada pilots says a near-collision at San Francisco's airport involving one of the airline's jets should be a wake-up call for the federal government to properly address pilot fatigue for overnight flights.

Air Canada Pilots Say Near Collision Should Prompt Ottawa To Address Pilot Fatigue

Hairy Mission: Canadian Military Eases Restrictions On Beards In Uniform

OTTAWA — While the Canadian Armed Forces has been in a lot of hairy situations over the years, it's taking that notion in a different direction by officially easing its restrictions on beards while in uniform.

Hairy Mission: Canadian Military Eases Restrictions On Beards In Uniform

Dad Furious, Pm Rapped Over Transfer Of Girl's Killer To Healing Lodge

TORONTO — Public Safety Minister Ralph Goodale has asked correctional officials to review the transfer of a woman convicted of killing an eight-year-old girl from prison to a healing lodge.

Dad Furious, Pm Rapped Over Transfer Of Girl's Killer To Healing Lodge

Vancouver Police Mull Updates To Street Checks But Find No Systemic Racism

An internal report from the Vancouver Police Department recommends an overhaul of the use of random street checks, even though the review finds "no statistical basis" to conclude officers use the checks to discriminate against certain races.

Vancouver Police Mull Updates To Street Checks But Find No Systemic Racism

Kingsway In Port Coquitlam Re-Opened After Investigation

At approximately 2:14 a.m., Wednesday September 26th, 2018, the Coquitlam RCMP was called to a single vehicle collision in the 2100 block of Kingsway Avenue, Port Coquitlam.