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

KFD, COSAR rescue injured hiker in Kelowna

Rescue happened after 1 p.m. on Lost Lake Trail after woman injured her leg

Firefighter spring training comes to Lake Country

From LNG to breaking down doors, firefighters get training from industry pros

Okanagan-Shuswap weather: Thunderstorm possible for South Okanagan

The rest of the region will enjoy a sunny day.

Free GolfBC Championship hits Kelowna golf course

Gallagher’s Canyon Golf Club hosts the Mackenzie Tour June 13

Okanagan FC kicks off regular season Saturday night

OKFC starts their inaugural season of the Pacific Coast Soccer League (PCSL) in Penticton

Police say it’s “impressive” no arrests were made after Raptors celebrations

Toronto will play the Western Conference champion Golden State Warriors next

Social media giants in hot seat as politicians consider regulations in Ottawa

Committee members will also grill representatives from Facebook, Twitter

Neighbours help save Okanagan garage fire from spreading

Neighbours knock down fire enough before BX-Swan Lake firefighters arrive to fully extinguish

UBC researchers want to hear from rural residents on health care

Once completed, the project will inform health care planning and policy decisions

Kamloops RCMP investigate violent home invasion

Police believe the incident was targeted

Wildfire crews watching for dangerous wind shift in High Level, Alta.

The Chuckegg Creek fire is raging out of control about three kilometres southwest of the town

UN urges Canada to take more vulnerable Mexican migrants from Central America

The request comes as the United States takes a harder line on its Mexican border

Trail played role during fur trade era

Fur Brigade Trail in Okanagan has long history

Most Read