Attorney General David Eby (Black Press)

Rules reviewed to keep drug money out of B.C. real estate

Investigator looking at loans as well as casinos, David Eby says

The B.C. government’s money laundering investigator is examining real estate loans as well as suspicious casino transactions, Attorney General David Eby said Monday.

Eby said there were new specifics and individuals identified in a weekend Globe and Mail report on mortgage loans using money connected to the fentanyl trade, which police may have already been investigating. But Eby was made aware of the general problem of drug cash potentially being converted to loans after the NDP government took office last year.

Former RCMP deputy commissioner Peter German was appointed in September to examine money laundering in B.C., and to make recommendations on changes to policy. That applies to untraced cash being loaned for property purchases as well as being converted by casinos.

RELATED: B.C. appoints expert to review money laundering

“Are we getting the information we need at the Land Title Registry about these kinds of loans, to ensure that there are no loopholes being exploited,” Eby said Monday. “Are we asking the right questions about where the money came from.”

German’s report is due at the end of March, but the government has asked him to make recommendations as evidence comes forward. The province is also looking at additional measures to restrict foreign buyers from investing in B.C. real estate and pushing prices up beyond the reach of people living and working in B.C. cities.

Just Posted

Surging Valley Huskers stun Okanagan Sun

The perenial doormat Huskers beat the perenial powerhouse Sun 22-18 in Chilliwack Saturday night.

Chilliwack soccer star helps UBC Thunderbirds get preseason hype

Coming off a stellar rookie season, Victory Shumbusho is one of UBC’s most dangerous scorers.

Documentary filmed in Chilliwack nominated in the ‘Wildlife Oscars’

Toad People is the only Canadian film to be nominated in this year’s Panda Wilderness Awards

Regional fire and police resources head up to B.C. wildfire fire zone

Both equipment and personnel are offering fire relief, traffic control, and more as needed

Chilliwack transit service expands this September

Among the service improvements includes expansion of the Fraser Valley Express, Route 66

VIDEO: Mud racing makes annual Chilliwack stop

Family-friendly North West Mud Racing Association event returns for fourth stop of circuit

B.C. team stays alive in Little League World Series after another nail-biter

Surrey-based squad scored a 6-4 win over Mexico reps in Williamsport on Monday

Kids, seniors at risk as smoke from distant fires hangs over parts of B.C.

B.C. Centre for Disease Control says children’s lungs don’t fully develop until about age 10

B.C. mother charged in 7-year-old daughter’s death appears in court

The 36-year-old mother, of Langley’s Aaliyah Rosa, has been charged with second-degree murder

VIDEO: Teen soccer phenomenon Alphonso Davies to visit B.C. kids camp

The 17-year-old Vancouver Whitecap player is one of the youngest players in MLS history

Local libraries offer interactive digital novel

Inanimate Alice uses virtual reality systems

New plan to lift more than two million people past the poverty line

Anti-poverty strategy will aim for 50 per cent cut in low-income rates: source

Liberals scrap lottery system for reuniting immigrants with their parents

Lottery for parent sponsorship to be replaced, more applications to be accepted

More bus trips coming to Metro Vancouver this fall

TransLink touts improvements when fall service changes take effect Sept. 34

Most Read