BC Government Calls Public Inquiry into Money Laundering that has National Implications
18 May, 2019, 04:38 | Author: Regina Silva
Premier John Horgan says money laundering has had numerous impacts on people in the province including a rise in opioid deaths and higher housing costs. "That's why we established the public inquiry today".
Justice Austen Cullen will head the inquiry and will have two years to complete it.
"We should just stop pretending that we're ever going to have public inquiries, if we don't have one into something that is as important and as consequential to the future of our province as this", West said.
"We sat down as a cabinet and said, 'how can we ensure that the people of B.C. see consequences for the actions of criminals and criminal activity in B.C.,' " he said.
The New Democrats, including Horgan, James and Eby, have often said revenue from B.C.'s booming real estate market contributed to consecutive balanced budgets for the former Liberal government.
The impact of money laundering in B.C. was highlighted in two independent government-commissioned reports released last week that connected the practice to real estate and concluded more than $7 billion in dirty money was laundered in the province past year, said Horgan.
The methodologies and data used are far from accurate, however, as the report noted.
According to the report on national risk assessment on money laundering and terrorist financing in 2012-17 period, the conclusion was made after analysing trends and money laundering scams as well as money and assets created by crime and risks involving many different industries deployed in money laundering. By this measure, B.C. ranked fourth for money laundering among six regions in Canada.
The Maloney report was released alongside former RCMP assistant superintendent Peter German's report, Dirty Money - Part 2, which goes into detail on some money laundering methods that appear to be employed in B.C. real estate, gaming and luxury goods. According to the terms of reference, Cullen is tasked with finding out how money laundering thrived in the following sectors: gaming and horse racing, real estate, financial institutions including those that are now unregulated, corporate entities like shell companies and trusts, luxury goods, as well as professional services like legal and accounting.
Neither report looked into financial institutions or the securities sectors.
Cullen may forward information to authorities for potential prosecution. He was assistant deputy attorney general for the Criminal Justice Branch from 1999 to 2001 and was appointed to the BC Supreme Court in March 2001.
He needs a change", he told Futbolemico (via Football Italia ). "Many players are unhappy at Juventus , not just Paulo ". However, that's unlikely to happen given where they're looking in terms of recruitment this summer.
Keep in mind: The trailers we've seen are just a first glimpse and often are not wholly indicative of the series as a whole. Ruby Rose was cast as Batwoman in August, for the Elseworlds crossover and the stand-alone series that was being developed.
BTS is now the "new batch of mop-topped heartthrobs" from "across the pond... the big one, the one with Hawaii in the middle". TV performance back on February 9, 1964 on Sullivan's show, when the mop-haired band kicked off Beatlemania.
Earlier this week, the Apple Daily newspaper in Hong Kong reported that a Tesla Model S caught fire in a parking structure. Hong Kong's Fire Services Department has confirmed it's investigating a fire, without identifying the make of the auto .
Woods is chasing back-to-back majors but Faldo reckons the "beast" Bethpage course will get the better of the Masters champion. Woods didn't do himself any favors Thursday , carding three double bogeys in a roller-coaster opening round.
This will (hopefully) prevent users from peeling it off under the mistaken belief that it's an everyday screen protector. A new report from Yonhap News claims that the company is planning to tuck the protective display layer into the body.
The cartels were exposed by a sixth bank, UBS , which was named in the investigation but avoided a fine after blowing the whistle. Former US attorney general Loretta Lynch in 2015 said the banks engaged in a "brazen display of collusion" to game markets.
Mark Gurman and Debby Wu from Bloomberg have listed a set of features that will appear in the upcoming iPhone 11 . The next-generation iPhone XR's color options may have already been revealed, according to a new report .
The plan, as previewed by the White House, doesn't address the millions of immigrants already living in the country illegally. I think the president knows that. "But a big proportion of those immigrations must come in through merit and skill".
For instance, when I'm taking matches, I don't care that you paid for tickets. "I think he got what he deserved". For 37-year-old Federer, returning to Italy for the first time since 2016, it was like a practice session.
Tesla's solar factory is exporting most of its cells
Tesla said it has started making electrical components for the latest version of its electric vehicle Supercharger in Buffalo. Today, the companies operate separately at the Buffalo factory , according to one current and one former Panasonic employee.
Johnson 'ready to go' at PGA Championship
I have to start by thanking the whole Fantasy Alarm team starting with Steve for filling in for me over the last two weeks. He has a long career ahead of him and is more than capable of capturing more major titles.
Mariana Trench: Deepest-ever sub dive finds plastic bag
The explorer is part of the Five Deeps Expedition , which aims to reach the bottom of every ocean on the planet. Prior to Vescovo's monumental dive, only two people had successfully made it to the bottom of Challenger Deep.
OnePlus 7 Pro officially launching at T-Mobile today
However, the Mirror Gray model of OnePlus 7 Pro is offered with up to 8GB of RAM and up to 256GB of storage memory. The secondary camera features a 16MP and a third 8MP sensor has a telephoto lens capable of 3x optical zoom.
Federer pulls out of Italian Open with leg injury
That's why I'm kind of confused right now because I literally woke up in the morning and couldn't move my thumb. Osaka also withdrew before a semifinal in Stuttgart, Germany, last month due to an abdominal injury.
China Trade War by Donald Trump Stopping Tech
But let's not forget the fact that strategic competition between United States and China is a reality now. Mallory was convicted of spying, and he faces up to life in prison (he will be sentenced on Friday).