In September 2018, the Attorney General engaged Dr. Peter German to follow up his review of money laundering in B.C. casinos by investigating whether other sectors of B.C.’s economy are vulnerable to these activities.
Dr. German conducted his review according to the terms of reference laid out by the Attorney General. The review focused on whether there is evidence that B.C. real estate, luxury car sales and horse racing industries are being used for money laundering. Dr. German will deliver his findings and analysis to the government in March 2019.
As a part of the review process, government accepted close to 200 submissions from British Columbians who felt they had information relevant to Dr. German’s review.
The engagement ran from November 19, 2018 to February 28, 2019.
Tips can still be submitted through Crime Stoppers by calling 1 800-222-8477 or visiting: https://solvecrime.ca/
Note: The Ministry of Finance conducted a parallel review assessing legislative and regulatory gaps that could contribute to risks of money laundering and administrative non-compliance in the real estate and financial services sector. That review was completed on January 31, 2019 and findings will be delivered to government in March.