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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

RDKB issues evacuation alert for 1,100 Boundary properties

Warm weather and heavy rain could cause sections of Kettle River system to swell beyond 2018 levels

Possible Kermode Bear spotted near Castlegar

A local resident spotted the white-coloured bear while on an evening trail run on May 27

Two more Johnson Flats properties given evacuation alerts

Forecast graphs for Boundary rivers show another spike for week of June 1

Boundary non-profits now eligible for emergency funds

Local charities can apply to get grants from the $40,000 pot, managed by the Phoenix Foundation

Drive-in theatre proposed for Grand Forks

City councillors will vote next month on whether to permit the use of the private property

11 new COVID-19 cases in B.C. as top doc urges caution amid ‘encouraging’ low rates

Dr. Bonnie Henry also announced that two care home outbreaks would be declared over

Surrey mayor’s party under fire for ‘sickening’ tweet accusing northern B.C. RCMP of murder

Mayor Doug McCallum says tweet, Facebook post ‘sent out by unauthorized person’

Father’s Day Walk Run for prostate cancer will be virtual event this year throughout B.C.

The annual fundraiser for Prostate Cancer Foundation BC has brought in $2.5 million since 1999

Dr. Bonnie Henry announces official ban on overnight kids’ camps this summer

New ban comes after talking with other provincial health officials across the country, Henry says

Senior man in hospital after unprovoked wolf attack near Prince Rupert

Conservation officers are on site looking for the wolf

VIDEO: NASA astronauts blast off into space on SpaceX rocket

Marks NASA’s first human spaceflight launched from U.S. soil in nearly a decade

‘I knew what he wanted’: Man recalls black bear chasing him up tree in Slocan Valley

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

PHOTOS: U.S. cities brace for increasing unrest over police killing of George Floyd

Minnesota Gov. Tim Walz has fully mobilized the state’s National Guard

Update: Deceased suspect in West Kootenay gas station stabbing only in town two weeks

Police say the 30-year-old suspect stabbed a Montrose gas station employee

Most Read