Minister of Border Security and Organized Crime Reduction Bill Blair stands during question period in the House of Commons in West Block on Parliament Hill in Ottawa on Tuesday, Feb. 5, 2019. THE CANADIAN PRESS/Sean Kilpatrick

B.C.’s dirty money strategy to be highlighted at meeting of ministers

The B.C. government says the meeting in Vancouver will highlight new legislative changes already underway

British Columbia’s efforts to fight money laundering are expected to be front and centre today at a special meeting of federal cabinet ministers and their provincial counterparts to discuss national strategies for stemming the problem.

The B.C. government says the meeting in Vancouver will highlight new legislative changes already underway in B.C. that could be replicated across the country, including laws to end hidden ownership.

Federal Finance Minister Bill Morneau and Organized Crime Reduction Minister Bill Blair have scheduled a news conference after the meeting to provide details on Ottawa’s plans to combat both money laundering and terrorist financing.

The province launched a public inquiry into money laundering in May after three independent reviews revealed that billions of dollars are laundered each year through the B.C.’s casinos, real estate market and other sectors.

B.C. Finance Minister Carole James says in a statement that money laundering has distorted the province’s economy, fuelled the overdose crisis and driven up housing prices.

But she says criminals don’t stop at provincial borders.

“This is a national issue, and strong action is required from the federal government and all the provinces to combat money laundering in our country,” James says.

Attorney General David Eby says the province is the leading jurisdiction for overdose deaths, luxury car sales and out-of-control real estate — all of which have been linked to a “cancerous” transnational money laundering problem.

“At this summit, we will have one message: Without a significant federal financial commitment to increased law and tax enforcement in B.C., hard-working families who play by the rules will continue to be at a disadvantage to criminals and cheats,” Eby says.

“That’s unacceptable.”

READ MORE: Hot cars hide dirty money, B.C. organized crime investigation shows

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

“Princeton won’t be the same without him, that’s what they say.”

A celebration of life held in the town square, possibly with a… Continue reading

RDOS board remuneration, expenses come to $500,000

Costs presented in Statement of Financial Information

Man cycles across B.C. Interior for sobriety

Vancouver Island Resident Mat Fee is approaching the final phase of his cross-Canada bike journey to raise awareness about addiction recovery.

Twenty day search for missing Labradoodle ends with tears of joy

After twenty days of worry, thousands of kilometers driven, hundreds of social… Continue reading

‘It’s almost surreal’: Penticton fire chief, sidekick Sammy recap rescue mission in Bahamas

Chief Larry Watkinson and Sam the disaster dog spent 8 days assisting a search and rescue team

Defense says burden of proof not met in double murder case against Victoria father

Closing statements begin in trial for man accused of killing daughters Christmas 2017

B.C. dog breeder banned again after 46 dogs seized

The SPCA seized the animals from Terry Baker, 66, in February 2018

Surrey mom allegedly paid $400,000 for son in U.S. college bribery scam

Xiaoning Sui, 48, was arrested in Spain on Monday night

Three dogs found shot dead in Prince George ditch

The three adult dogs appeared to be well cared for before being found with gunshot wounds, BC SPCA says

Vancouver police could be using drones to fight crime by end of year

The police department has already purchased three drones, as well as three others for training

B.C. party bus company to be monitored after 40 intoxicated teens found onboard

Police received tip teens and young adults were drinking on party buses and limousines in Surrey

Okanagan ski racer chosen for grant in end game

Makena Kersey, 18, has called it a career following a gruesome leg injury, but story inspires grant

North Okanagan’s own CSI digging into crime mysteries

Forensic Identification Section a specialized support unit used in various cases

Most Read