Dozens of proposals to tackle money laundering unfinished in BC (Investigative Journalism Foundation)
Dozens of recommendations from a landmark 2022 report on money laundering in British Columbia remain incomplete, an IJF analysis has found, including what observers describe as key proposals to crack down on financial crime. BC Supreme Court Justice Austin Cullen’s Commission of Inquiry into Money Laundering in British Columbia concluded that “an enormous volume” — likely billions of dollars — of dirty money was being laundered through the province’s economy every year, much of it stemming from drug dealing, fraud and other “crime that destroys communities.” The commission’s voluminous final report included 101 recommendations for governments, Crown corporations, lawyers, police, the real estate industry and other sectors that can abet or stop money laundering. The IJF reviewed the status of all those recommendations and found roughly half were either complete or in progress as of December 2024 ... CLICK HERE for the full story *** NOTE ... free sign-up required to access story ...