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Criticism to Money Laundering Report Understandable
Every week we seem to see further developments in the B.C. money laundering rats nest, that reveals that we actually know very little. Everyone is keenly aware that there is a long-standing problem with money laundering right across British Columbia. The links to Asian crime syndicates, and the flow of dirty money spreading through the province is undeniable, however, the issues seem to be much deeper.
Indeed, it seems that many in positions of authority are reluctant to address the issue, either through some form of denial, or because they may well be complicit themselves! There is no doubting that money laundering is having a negative impact on the Canadian casino industry, and the question becomes how long can this go on before the economy begins to feel the hit from it?
Attorney General David Eby has been doing his utmost to ensure that his task force fights money laundering in the best possible way, but it seems as though his hands are being tied by sources higher up. A recent report into River Rock that deemed the casino to have had no involvement in money laundering is clearly ridiculous, and has been met with widespread condemnation. It seems that some people are going to great lengths to ensure the problems are swept under the rug, and this should be a cause for concern for many of us.
One of the other issues when it comes to fighting the problem of money laundering long-term is the lack of funding that has been given to it. There has been talk by the government of cracking down, setting up task forces, and dedicating millions to the issue. However, money laundering insiders claim that a lack of funding in B.C. is an open secret, and this is something that surely exacerbates the issue even further.