The federal government has announced $10 million to help the RCMP prosecute money laundering after a special meeting of Canada's finance and justice ministers to discuss the pervasive problem.
The federal minister in charge of Canada's fight against money laundering supports British Columbia's public inquiry into dirty money but says a national examination is not necessary.
The authors of a report that found $47 billion was laundered across Canada last year debated whether to include a graph that indicated Alberta, Ontario and the Prairies were hotspots for dirty money, says the lead writer.
Premier John Horgan launched a public inquiry into money laundering Wednesday, saying the depth of the criminal activity in British Columbia runs far deeper than previously believed.
The British Columbia government needs to set clear goals and a firm timeline if it launches a public inquiry into money laundering, says a former provincial attorney general who led an exhaustive probe of missing and murdered women.
A report that estimates $5 billion was laundered through British Columbia's real estate market last year also lifts the lid on the extent of illegal cash moving across Canada.
An independent report suggests organized criminals are laundering money through British Columbia's luxury car sector and some are even receiving tax rebates from the province for the transactions.
Vancouver businessman David Sidoo faces an additional charge of conspiracy to commit money laundering for his alleged role in a college admissions scandal in the United States.
British Columbia needs more resources to fight money laundering after a report concluded no Mounties have been dedicated to working illicit cash investigations in the province, Attorney General David Eby said on Monday, April 8, 2019.
The British Columbia government introduced legislation on Tuesday, April 2, 2019, aimed at preventing tax evasion and money laundering by shining a spotlight on anonymous real estate owners hiding behind shell and numbered companies.