Reports of money laundering in B.C. real estate ‘troubling’: attorney general

News report alleges people connected to fentanyl trade are using B.C. real estate to launder money

B.C.’s attorney general says he’s deeply troubled by reports of money laundering and criminal activity in the real estate market.

David Eby has issued a statement saying the government takes reports of money laundering through real estate very seriously.

The comments come after the Globe and Mail published a story alleging that people connected to the fentanyl trade are using B.C. real estate to clean dirty drug money.

Eby says he has already tasked former RCMP deputy commissioner Peter German with reviewing money laundering policies and practices at B.C. casinos.

Last month, German’s recommendations prompted the government to announce new rules for high rollers at casinos, including a requirement that anyone spending $10,000 or more within a 24-hour period prove the source of the funds.

READ MORE: Cash rules tightened for B.C. casinos

Eby says German will also look at whether money laundering has connections with any other sectors, including real estate or tax policy.

“Our government will work to determine the scope of this issue and what must be done to appropriately address it,” he said Friday in a statement.

“We will ensure our investigation into money laundering in B.C. casinos is informed by these disturbing revelations.”

The Canadian Press

Just Posted

Vancouver Island Military Museum Veterans Wall of Honour nearing completion

Wall will be B.C.’s largest tribute to veterans’ military service

Nanaimo woman committed armed robberies to fuel drug habit

Caroline Green, 50, had sentencing hearing in Nanaimo court on Friday

Court date moved for Nanaimo city manager accused of threats

Tracy Samra’s court date now scheduled for next month

Crash in Nanaimo claims man’s life

One man dead after crash in Nanaimo. Police say speed and alcohol are considered factors.

RDN receives funding for flood risk assessment

Regional District of Nanaimo to see $80K from B.C. government and $70K from feds

Development permit approved for condos in north-end commercial district

Two five-storey buildings proposed along Metral Drive

Province approves city’s process for borrowing $17M for fire hall

Alternative approval process will start April 3

Nanaimo Harbourfront Library set to host third annual GeekCon

Cosplayers, comic book fans and board gamers unite at library

Nanaimo Recycling Exchange closes its gates

Non-profit recycling depot will spend the rest of the month preparing for site demolition

Public warned not to eat herring eggs harvested from French Creek to Qualicum Bay

Island Health reports vibrio cholerae infection linked to eating herring eggs

Canucks sing the Blues as they fall to St. Louis 4-1

Berglund nets two, including the game-winner, to lift St. Louis over Vancouver

Nanaimo gymnasts win provincial championships and more

Eleven athletes from Nanaimo Gymnastics School represented their high schools at provincials

Calving season brings hope for Cariboo ranchers

Still a lot of work ahead to recover from the wildfires

Most Read