British Columbia (BC) prime Mr. John Horgan, has announced an investigation aimed to crack down in money laundering in BC.
The investigation will address issues in the Real State market, Gambling Business, Luxury Goods sales and other sectors such as legal services, trust providers and accounting services.
The investigations already started and will extend till 2021.
The declared aim includes the analysis of the effectiveness of law enforcement and supervision.
As per reported information: “This inquiry will bring answers about who knew what when and who is profiting from money laundering in our province,” BC Attorney General David Eby said in a statement. BC Supreme Court Justice Austin Cullen “will have the mandate, authority and resources to seek answers, perhaps most importantly among people and organizations who refuse to share what they know unless legally compelled to do so.”
The conclusions of this report and subsequent investigations will the used at state level by the Canadian government in order to better address money laundering in the country and to improve the level of effectiveness of the enforcement prior the round of visits of the FATF bodies in Canada.
