Dirty money driving up B.C. home prices as more than $40-billion laundered across Canada in 2018 – Globe and Mail

May 10 2019

Commentary

This linked to illegal importing and sale of opioids and other drugs with over 11k Canadians dying of opioid related overdoses since 2016. How was it allowed to get this bad?

It says $7 of the $40 Billion laundered in BC and that lower than in each of Alberta, Ontario and the Prairies. The impacts are to more than just real estate.

I thought Quebec would have been higher but it likely has been impacted by the dedicated anti-corruption agency setup and the extensive efforts of it to combat corruption and organized crime. It still has work to do but has made meaningful progress including exposing corruption within the Police.

We need this done in the other provinces, or a federal agency that is given enough authority and resources. The RCMP has tried but has been under staffed and funded plus some allegations of corruption.

VANCOUVER
PUBLISHED MAY 9, 2019
UPDATED MAY 10, 2019

JUSTINE HUNTER AND MIKE HAGER

https://www.theglobeandmail.com/canada/article-money-laundering-in-bcs-real-estate-market-inflated-home-prices/#

About Kevin Yaworski

I use my blog to write about things I find interesting or that I think are matter of public interest.
This entry was posted in justice, News and politics and tagged , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s