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

Taxing Vancouver Island

Big Read: find out which communities are paying the lowest and highest taxes on Vancouver Island

Lawyer fired in Nanaimo courtroom during trial for dangerous driving causing death

Dustin Dennis Zinter was charged following November 2015 accident in Cedar

First regularly scheduled jet airplane service from Nanaimo takes off

Nanaimo Airport celebrates launch of Air Canada’s non-stop seasonal service to and from Toronto

One petition opposes tent city, one petition supports it

Two petitions set up on Change.org this week regarding Nanaimo’s Discontent City

WEB POLL: Should tent city be shut down, or allowed to remain where it is?

Two petitions were started this week, one opposing Discontent City, one supporting… Continue reading

Cedar Elementary students bless totem poles

School celebrates National Indigenous Peoples Day with ceremony

Sailing waits expected this weekend at Departure Bay, Horseshoe Bay

B.C. Ferries is advising that repairs to one of the vessels are taking longer than expected

Nanaimo woman graduates high school at age 92

Joan Deebank is the oldest high school graduate ever in B.C., as far as the ministry can confirm

Trump sends letter to Trudeau calling for increase in NATO defence spending

The letter comes as tensions between Canada and the United States have risen to a dramatic high

Horse put down, 1 person in hospital after hit by car in Lower Mainland

Accident along 132nd Avenue in Maple Ridge Friday afternoon

Electoral reform vote in B.C. includes $500,000 each for pro and con groups

A mail-in ballot referendum will take place Oct. 22 to Nov. 30, asking two questions on voting

83-year-old inmate dies at medium-security prison in Mission

Correctional Services Canada says Ralph Whitfield Morris died in custody

Blue Jays closer Roberto Osuna suspended for 75 games

23-year-old pitcher faces assault charge

Tree crashes into traffic on highway to Tofino

Trees are being cleared along the highway between Port Alberni and the Tofino-Ucluelet junction

Most Read