How does laundered cash shape B.C.'s economy? Report due in March - News Summed Up

How does laundered cash shape B.C.'s economy? Report due in March


An investigation into then extent of money laundering in B.C. casinos will also pull back the curtain on whether dirty cash is linked to the province's booming real estate market. The report, expected early March 2018, was commissioned by Attorney General David Eby following revelations of widespread money laundering in B.C. Eby also pointed to a glaring discrepency between real estate values in Metro Vancouver and the taxable incomes homeowners report to Revenue Canada as cause for concern. Interim recommendations made by German to quell the amount of illegal cash flowing through B.C.


Source: CBC News January 27, 2018 03:00 UTC



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