Documents that say money laundering in British Columbia now reaches into the billions of dollars are startling to the province’s attorney general who says the figures have finally drawn the attention of the federal government.
David Eby said he’s shocked and frustrated because the higher dollar estimates appear to have been known by the federal government and the RCMP, but weren’t provided to the B.C. government.
“It is estimated that a clandestine banking operation laundered over $1 billion (Canadian) per year through an underground banking network, involving legal and illegal casinos, money value transfer services and asset procurement,” stated the report. “One portion of the money laundering network’s illegal activities was the use of drug money, illegal gambling money and money derived from extortion to supply cash to Chinese gamblers in Canada.”
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