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Federal Minister Vows to Tackle Laundering as Experts Urge Inquiry
Money laundering is the Canadian shaped elephant in the room that simply will not go away at the moment. It is clear that the wide-reaching effects this has had on British Columbia as a province have been profound. This is why it is important for the province to get serious about tackling the issue instead of just talking about tackling the issue.
At this meeting, the two men made sure to discuss the issues at hand, and shared their visions for the future of the province, and how Canada could tackle its money laundering problem. One of the biggest developments has been the decision of the RCMP to share information with investigator Peter German to help expedite things and allow B.C. a better understanding of what it is dealing with. Blair was quoted as saying, “There is information that clearly both of our governments need and that we need to work on together. We are committed to make sure when information is available we make that possible.”
Experts have urged the province to launch an immediate inquiry into the money laundering practice known as the ‘Vancouver Model,’ as well as the growth of money laundering from casinos into real estate. It seems as though many B.C. natives would support a thorough inquiry as well, with a poll demonstrating that 3 in 4 would be in favour of a public inquiry.
The initial probes into money laundering have thrown up more and more red flags, not to mention implicating organisations and individuals. This is going to be a big investigation, and one that likely has a few more surprises in store yet. But, the hope is that this is the small step that is needed in order to bring down this money laundering enterprise, and help make the gambling scene in British Columbia clean once again.