The BC Attorney General is headed to Ottawa to ask for more support to crack down on money laundering.
He plans to outline the challenges here in BC before the federal Finance Committee.
“The issues that we’re grappling with around real estate and casinos, and the seriousness of the impact that gang violence has when these gangs are able to launder money,” he outlines.
“The federal government has a huge role to play in supporting British Columbia in our fight against money laundering. The role really includes key actors like Fintrac, which is the anti-money laundering agency that receives all the reports from casinos, realtors, [and] notaries,” says Eby.
He believes drug dealers and other criminals have been spending millions of dollars in illegally gained cash at local casinos and then getting clean bills back in return. He has said the issue is so prevalent here, experts call it “the Vancouver Model.”
He’s pushing for more support and coordination to clamp down on money laundering. He also wants more public accountability.
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