B.C. premier announces public inquiry into money laundering

B.C. premier announces public inquiry into money laundering
B.C. premier announces public inquiry into money laundering

ملفات اخبار العرب24-كندا: B.C. Premier John Horgan has announced there will be a public inquiry into money laundering after meeting with cabinet Wednesday morning.  

Horgan announced the decision at 10:30 a.m. PT, flanked by Attorney General David Eby and Finance Minister Carole James.  

Calls for a public inquiry have grown after two reports released by the B.C. government last week revealed more than $7 billion was laundered in B.C. in 2018, including an estimated $5.3 billion through the real estate market. 

The reports were written by Peter German, a former RCMP deputy commissioner, and law professor Maureen Maloney, the chair of B.C.'s expert panel on money laundering in real estate.

Earlier this month, German released findings on money laundering in the luxury vehicle sector. Last year, another report detailed extensive links between money laundering and B.C. casinos.

More to come. 

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