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

Elk River reclaims property as its own

Laws make it harder to protect private land than ever before says farmer, local government

Wildfire burning southeast of Sparwood estimated 0.1ha in size

Nine BC Wildfire Service personnel are onsite responding to a wildfire approximately… Continue reading

Black Press Kootenay Career Fair underway in Cranbrook

Today, Thursday, August 22, around 40 employers will be waiting to meet potential new employees

Artist Michael Hepher selected to paint mural downtown Fernie

The mural will be located on The Beanpod, 691 2 Ave, Fernie, on the outside wall.

UPDATED: Crews remain on scene of Jaffray hay barn fires

Emergency personnel remain on scene throughout Wednesday to put out hot spots

New police force in Surrey must avoid VPD, RCMP errors made in Pickton case: Oppal

Boots are scheduled to be on the ground by spring 2021

Independent cannabis store blazing uncharted trails in Fernie

Stick & Stone Cannabis Co., Fernie’s first independently run cannabis store, opened… Continue reading

Conan turns to the Property Brothers for tips on buying Greenland

Jonathan Scott suggests removing glaciers and mountains to bring in ‘more natural light’

Forests minister visits B.C. town rocked by multiple mill shutdowns

A third of Mackenzie turns out for rally, not much to cheer about

NDP bring Green New Deal to the Kootenays

MPs Wayne Stetski and Peter Julian held climate change talks in Nelson, Cranbrook and Revelstoke

B.C. sockeye returns drop as official calls 2019 ‘extremely challenging’

Federal government says officials are seeing the same thing off Alaska and Washington state

B.C. music teacher accused of sexual misconduct involving girls

Police believe other victims could be out there after the arrest of Lamar Victor Alviar

B.C. family stranded in Croatia desperate to come home

Funds being raised to bring back mom and two children

Most Read