B.C. to hold a public inquiry into money laundering GlobeBC
British Columbia is calling a public inquiry into how money laundering has corroded the provincial economy, juiced its housing market and contributed to the ongoing deadly opioid crisis.
The inquiry, which must issue a final report within two years, will have the power to compel witnesses to testify as well as order the disclosure of evidence.Mr. Horgan said this move was deemed inevitable after two recent reports into real estate – started after the collapse of the province’s largest criminal money-laundering case in history last November – uncovered problems “far worse” than his government had initially thought.
Attorney-general David Eby said federal Minister of Border Security and Organized Crime Reduction Bill Blair has assured him Ottawa will offer its full support to the inquiry and ensure the participation of key agencies, such as the RCMP and the money-laundering watchdog Financial Transactions and Reports Analysis Centre of Canada .
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