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Provincial government launches two-pronged probe on money laundering

Written by Srijani Datta, Assistant News Editor September 27 marked the start of Attorney General David Eby’s early-June promise of a second phase of investigation into money laundering in B.C. Based on a recent provincial news release, Eby is fulfilling that promise with a “two-pronged review aimed at shutting down avenues for money laundering in real estate and other sectors.” The first part is to be led by the Ministry of Finance, and it aims to recognize “systemic risks” which increase the sectoral vulnerability of real estate and financial services to money laundering. As a part of the first phase,…

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