BC asked feds to crack down on potential money laundering in fishing sector (IJF)

The BC government said it asked federal counterparts two years ago to scrutinize money laundering in the province’s fishing industry, which intelligence agencies have since warned could be awash in dirty cash. 

The province claims it approached the federal finance department in 2023, asking that sales of government fishing licenses be reported to the Financial Transactions and Reports Analysis Centre of Canada (Fintrac), Canada’s anti-money laundering watchdog, which monitors such transactions for signs of illegal activity. 

Buzz Lanthier-Rogers, a spokesperson for BC’s Ministry of Finance, said it made that request “to improve transparency and detect suspicious financial activity.” It came after stakeholders in the fishing industry and a BC government-sponsored report warned criminals may be using those licenses to disguise the flow of illegal funds ...

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