FILE – B.C. Attorney General David Eby and former RCMP officer Peter German release German’s first report on money laundering in June 2018. (B.C. government)

B.C. to release reports on money laundering by organized crime in real estate

This follows last June’s report on dirty money in casinos by former RCMP deputy commissioner Peter German

Two independent reports commissioned by British Columbia’s government to probe money laundering in the province’s real estate sector are set to be released today.

Finance Minister Carole James and Attorney General David Eby have called a news conference to release the findings of the two reviews launched last September.

READ MORE: RCMP has ‘no’ dedicated money laundering investigators in B.C.

The reviews aim to shed light on money laundering by organized crime in real estate after last June’s report on dirty money in casinos by former RCMP deputy commissioner Peter German.

Following the gaming report, German was appointed to conduct a second review to focus on identifying the scale and scope of illicit activity in the real estate market.

James appointed former deputy attorney general Maureen Maloney to oversee an expert panel to review money laundering in real estate and the financial service sectors and identify regulatory gaps exploited by organized crime.

Portions of German’s second report on the limited police resources dedicated to fighting money laundering in B.C. and links to luxury vehicle sales and horse racing have already been released.

READ MORE: Hot cars hide dirty money, B.C. organized crime investigation shows

The Canadian Press

Just Posted

Bail denied for alleged Chilliwack firearm thief convicted of similar crime in Alberta

Andrew Scott Charpentier charged with numerous offences after guns seized from Reece Avenue address

Figures reveal spike in highway traffic jams between Abbotsford and Langley

Nearly one in 20 westbound vehicles between Abbotsford and Langley clocked at under 60 km/h

Taser takedown in Chilliwack complex after incident gets violent

Male suspect became agitated under questioning and repeatedly punched an officer

Agassiz man pleads guilty in snake venom death of toddler

Plea comes more than five years after the incident in North Vancouver

Young Chilliwack singer launches career with French classic

Deanne Ratzlaff performs as featured vocalist in La Vie en Rose in Chilliwack, London and Paris

Rich the Vegan scoots across Canada for the animals

Rich Adams is riding his push scooter across Canada to bring awareness to the dog meat trade in Asia

Canadian high school science courses behind on climate change, says UBC study

Researchers found performance on key areas varies by province and territory

UPDATE: One dead after house fire in rural Maple Ridge

Dewdney Trunk Road closed, traffic being re-routed

Six inducted into BC Hockey Hall of Fame

The 26th ceremony in Penticton welcomed powerful figures both from on and off the ice

Highway 1 closed near Revelstoke

No estimated time for opening

CRA program to help poor file taxes yields noticeable bump in people helped

Extra money allows volunteer-driven clinics to operate year-round

RCMP investigate two shootings in the Lower Mainland

Incidents happened in Surrey, with a victim being treated at Langley Memorial Hospital

Recall: Certain Pacific oysters may pose threat of paralytic shellfish poisoning

Consumers urged to either return affected packages or throw them out

Most Read