Thursday, June 4, 2020
ADVT 
National

B.C.'s Dirty Money Strategy To Be Highlighted At Meeting Of Ministers

Darpan News Desk The Canadian Press, 13 Jun, 2019

    VANCOUVER — British Columbia's efforts to fight money laundering are expected to be front and centre today at a special meeting of federal cabinet ministers and their provincial counterparts to discuss national strategies for stemming the problem.


    The B.C. government says the meeting in Vancouver will highlight new legislative changes already underway in B.C. that could be replicated across the country, including laws to end hidden ownership.


    Federal Finance Minister Bill Morneau and Organized Crime Reduction Minister Bill Blair have scheduled a news conference after the meeting to provide details on Ottawa's plans to combat both money laundering and terrorist financing.


    The province launched a public inquiry into money laundering in May after three independent reviews revealed that billions of dollars are laundered each year through the B.C.'s casinos, real estate market and other sectors.


    B.C. Finance Minister Carole James says in a statement that money laundering has distorted the province's economy, fuelled the overdose crisis and driven up housing prices.


    But she says criminals don't stop at provincial borders.


    "This is a national issue, and strong action is required from the federal government and all the provinces to combat money laundering in our country," James says.


    Attorney General David Eby says the province is the leading jurisdiction for overdose deaths, luxury car sales and out-of-control real estate — all of which have been linked to a "cancerous" transnational money laundering problem.


    "At this summit, we will have one message: Without a significant federal financial commitment to increased law and tax enforcement in B.C., hard-working families who play by the rules will continue to be at a disadvantage to criminals and cheats," Eby says.


    "That's unacceptable."

    MORE National ARTICLES

    After Partisan Bickering, House Backs Motion To End Veterans Homelessness

    OTTAWA — The House of Commons has backed a backbench MP's bid to have the government work to end veterans homelessness after days of partisan bickering over the fate of the private motion.

    After Partisan Bickering, House Backs Motion To End Veterans Homelessness

    Western Newfoundland's Bottomless Pond Appears To Have A Bottom After All

    Western Newfoundland's Bottomless Pond Appears To Have A Bottom After All

    DEER LAKE, N.L. — Something strange is happening along the shores of a small lake in western Newfoundland.

    Western Newfoundland's Bottomless Pond Appears To Have A Bottom After All

    Trudeau To Meet Trump In Washington Next Week For Talks On Trade, China

    OTTAWA — Prime Minister Justin Trudeau and U.S. President Donald Trump are to discuss continental trade and their shared challenges with China in a meeting in Washington next week.

    Trudeau To Meet Trump In Washington Next Week For Talks On Trade, China

    Metals Mines, Accounting For Most Federal Enviro Assessments, Ok With Bill C-69

    OTTAWA — The head of the Mining Association of Canada says the hotly contested federal environmental assessment bill is welcome in the industry it will affect the most.

    Metals Mines, Accounting For Most Federal Enviro Assessments, Ok With Bill C-69

    Relationship With Metis Nation A Model For Reconciliation: Trudeau

    OTTAWA — Prime Minister Justin Trudeau says the government's relationship with the Metis Nation is a tangible and concrete example of what reconciliation can be.

    Relationship With Metis Nation A Model For Reconciliation: Trudeau

    Committee Of MPs Decides Against Calling For School-Bus Seatbelts

    OTTAWA — A committee of MPs who probed bus-passenger safety in Canada has decided not to call for seatbelts to be installed in Canadian school buses, urging further study instead.

    Committee Of MPs Decides Against Calling For School-Bus Seatbelts