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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

CVRD requests rainstorm, flood photos via online tool

Officials want to know more about how that type of event impacted the region as a whole.

Bluegrass Festival in Cowichan offering savings for early birds

The annual Cowichan Valley Bluegrass Festival will run from June 19 to 21

Drivesmart column: Let’s block the road

Police resources to cope with the size of the protest group is an important consideration.

Coming up in Cowichan: Meet the Wounded Warriors

Wounded Warrior Run stops at Legion The Royal Canadian Legion Malahat District… Continue reading

Cowichan climber off to Olympic qualifier

Brennan Doyle competing for Pan Am Championship

VIDEO: 2020 BC Winter Games wrap up in Fort St. John as torch passes to Maple Ridge

More than 1,000 athletes competed in the 2020 BC Winter Games

Massive early-morning blaze destroys Vancouver Island home

Firefighters from three departments called in to battle fire at unoccupied residence

First win, fifth win highlight BC Senior Curling finals

Donna Mychaluk wins first title after finishing second five times; Wes Craig takes fifth crown

Still six cases of COVID-19 in B.C. despite reports of Air Canada passenger: ministry

Health ministry wouldn’t comment on specific flight routes

Violent ends to past Indigenous protests haunt Trudeau government

Trudeau adopted a more assertive tone Friday, insisting the barricade must come down

VIDEO: Wounded Warrior Run leaves Port Hardy on eight-day trek down Vancouver island

The team’s fundraising goal this year is $250,000, which is double last year’s goal.

HIGHLIGHTS: Day one and two at the 2020 BC Winter Games

Athletes had sunny – but cold – weather to work with in Fort St. John

Most Read