Minister of Border Security and Organized Crime Reduction Bill Blair stands during question period in the House of Commons in West Block on Parliament Hill in Ottawa on Tuesday, Feb. 5, 2019. THE CANADIAN PRESS/Sean Kilpatrick

B.C.’s dirty money strategy to be highlighted at meeting of ministers

The B.C. government says the meeting in Vancouver will highlight new legislative changes already underway

British Columbia’s efforts to fight money laundering are expected to be front and centre today at a special meeting of federal cabinet ministers and their provincial counterparts to discuss national strategies for stemming the problem.

The B.C. government says the meeting in Vancouver will highlight new legislative changes already underway in B.C. that could be replicated across the country, including laws to end hidden ownership.

Federal Finance Minister Bill Morneau and Organized Crime Reduction Minister Bill Blair have scheduled a news conference after the meeting to provide details on Ottawa’s plans to combat both money laundering and terrorist financing.

The province launched a public inquiry into money laundering in May after three independent reviews revealed that billions of dollars are laundered each year through the B.C.’s casinos, real estate market and other sectors.

B.C. Finance Minister Carole James says in a statement that money laundering has distorted the province’s economy, fuelled the overdose crisis and driven up housing prices.

But she says criminals don’t stop at provincial borders.

“This is a national issue, and strong action is required from the federal government and all the provinces to combat money laundering in our country,” James says.

Attorney General David Eby says the province is the leading jurisdiction for overdose deaths, luxury car sales and out-of-control real estate — all of which have been linked to a “cancerous” transnational money laundering problem.

“At this summit, we will have one message: Without a significant federal financial commitment to increased law and tax enforcement in B.C., hard-working families who play by the rules will continue to be at a disadvantage to criminals and cheats,” Eby says.

“That’s unacceptable.”

READ MORE: Hot cars hide dirty money, B.C. organized crime investigation shows

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

South Okanagan-West Kootenay called for NDP and Richard Cannings

Supporters and candidates eager for results of federal election

Supreme Court of Canada turns down Slocan Valley fuel spill class action

Court action aimed to compensate 2,500 people affected by the Lemon Creek fuel spill

Hours of care up, but issues remain at Nelson residential care facilities

An annual report revealed stats about Jubilee Manor and Mountain Lake Seniors Community

Nelson’s Ryan Lewis wins main event at Fight Night 7

Lewis earned a split decision against Victoria’s Donny Cornelius

Second young woman dies after rollover crash near Williams Lake

‘Someone’s going to get her heart, which is awesome, because she has the best heart in the world’

Google searches for ‘how to vote’ surge on Election Day

Interest spikes despite social media campaign by Elections Canada

Alberta man pleads guilty, fined for hunting without a licence in North Island

It’s the responsibility of each hunter or angler to know whether they are considered a B.C. Resident.

B.C. mayor apologizes for removal of Queen’s portrait from council chambers

‘I prefer to be inclusive of the many aspects of our history’

Alcohol a possible factor in crash that killed 17-year-old girl near Williams Lake

A pickup truck left the road and rolled over on Highway 20 on the weekend

Rare bird spotted in Victoria draws enthusiasts from across the continent

It’s the first time a yellow-browed warbler has been reported on the mainland of North America

B.C. woman must pay $1,000 after unleashed dog bites another

Owner should never have left Bibi unattended, tribunal member wrote

Climate activist Greta Thunberg’s mural defaced in Edmonton

The eyes on the portrait were blacked out

Most Read