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New Money Laundering Figures Double What Was Expected
Money laundering problems just simply will not go away, and this is something that has to be addressed. Every week it seems like we are talking about money laundering of some description, and new revelations seem to spark the whole thing off again. It is important to understand the impact that money laundering can have on the entire province, and the country as a whole.
It is important for the government to get a handle on things, and make sure they get a proper understanding of the full scale of the problem, so that they can deal with it effectively. Recent probes into B.C. money laundering have thrown up numerous red flags, and this is something that cannot be ignored, especially if authorities want to get to the route of the problem.
Original estimates were that B.C. had a billion dollar money laundering problem, and even that figure seemed like a surprise for a lot of senior figures. Well, it now seems that the true value is actually double that amount, with estimates suggesting that $2 billion in dirty money actually flowed through B.C. casinos. Every new revelation seems to make the problem worse and uncover new revelations that show we are merely scratching the surface of the provincial money laundering problems.
A government statement released claimed “Peter German’s report on money laundering provides us with a strong foundation to take the actions needed to eradicate this criminal activity in our casinos.” However, quite how long this process is likely to take is anyone’s guess, and there are a lot of elements that need to be ironed out. It seems pretty clear that there are a lot of issues with money laundering in the province, and the sooner these issues are sorted out, the better.