FILE – B.C. Attorney General David Eby and former RCMP officer Peter German release German’s first report on money laundering in June 2018. (B.C. government)

B.C. to release reports on money laundering by organized crime in real estate

This follows last June’s report on dirty money in casinos by former RCMP deputy commissioner Peter German

Two independent reports commissioned by British Columbia’s government to probe money laundering in the province’s real estate sector are set to be released today.

Finance Minister Carole James and Attorney General David Eby have called a news conference to release the findings of the two reviews launched last September.

READ MORE: RCMP has ‘no’ dedicated money laundering investigators in B.C.

The reviews aim to shed light on money laundering by organized crime in real estate after last June’s report on dirty money in casinos by former RCMP deputy commissioner Peter German.

Following the gaming report, German was appointed to conduct a second review to focus on identifying the scale and scope of illicit activity in the real estate market.

James appointed former deputy attorney general Maureen Maloney to oversee an expert panel to review money laundering in real estate and the financial service sectors and identify regulatory gaps exploited by organized crime.

Portions of German’s second report on the limited police resources dedicated to fighting money laundering in B.C. and links to luxury vehicle sales and horse racing have already been released.

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

The Canadian Press

Just Posted

Okanagan adventurer continues motorcycle trip around the world

Vernon local James Leigh recently completed the third of five legs of the journey, travelling through China and Kazakhstan

Riders “step up” their game at Equestrian Clinic

Riders from across the Okanagan travelled to Coldstream to train for the 2019 55+ Senior Games, which take place in Kelowna this fall.

Update: Mother dead, youth in critical condition after carbon monoxide poisoning at Sandy Point Campground

The woman was found unresponsive insider her tent and the youth was taken via air ambulance to hospital

Vernon students dance their way to provincials

“It is an amazing experience for these young ladies and has definitely become a yearly goal for them all.”

Okanagan Science Centre hosts first Teen Science Café

“This is a great opportunity to take science out of the classroom and learn with other students our age.”

Kelowna RCMP interrogation video brings home reality in ‘visceral way’: former TRC chairman

Video of Mountie interrogating young Indigenous woman disclosing sexual abuse under fire

Canada’s parole officers say correctional system has reached breaking point

About half of Canada’s federal parole officers work inside penitentiaries and correctional institutions

Montreal researchers create audible hockey puck for visually impaired players

Three years ago, Gilles Ouellet came up with the idea for a puck that makes a continuous sound

Vernon teen’s support ferret found

“Thank you to everybody for sharing and posting, getting the word out, and looking.”

Boy, 12, arrested after allegedly pulling a knife on another child at a Surrey park

The child was later released into his parents’ custody as Surrey RCMP continue their investigation

Former Greyhound bus drivers gather in the Okanagan for one last hurrah

Bash kicks off Friday in Penticton and runs until Sunday

ICBC urging drivers to slow down this May long weekend

Speed is number one cause of car crash fatalities: ICBC

Bucks hammer Raptors 125-103 to take 2-0 playoff series lead

Toronto heads home in a hole after second loss to Milwaukee

Full-scale search underway for missing kayaker on Okanagan Lake

Kelowna Paddle Centre member Zygmunt Janiewicz, 71, failed to return from his ‘daily kayak’ on the lake

Most Read