It’s long been known in B.C. that RCMP not investigating money laundering, sources reiterate

Peter German, front left, former deputy commissioner of the RCMP, speaks about his review of anti-money laundering practices in the province as B.C. Attorney General David Eby listens during a news conference, in Vancouver, on Wednesday June 27, 2018.
Peter German, front left, former deputy commissioner of the RCMP, speaks about his review of anti-money laundering practices in the province as B.C. Attorney General David Eby listens during a news conference, in Vancouver, on Wednesday June 27, 2018 THE CANADIAN PRESS/Darryl Dyck

On Monday, B.C. Attorney General David Eby said he was shocked to find the RCMP is doing “nothing” to investigate money laundering in the province, despite years of negative headlines and estimated billions of dollars in dirty money flowing through the province’s casinos and real estate.

He cited a finding from former RCMP executive Peter German’s recently filed review of money laundering in the province’s housing market, that Eby said, shows currently there is not one dedicated federal RCMP officer in B.C. investigating criminal money laundering.

“What is happening is nothing,” Eby said. “Police experts need to be recruited from across Canada for a specialized team that can start now. The money launderers here are already experts, they’re already rich, and now we know they’re better resourced.”

Some investigators that have shared information with Global News over the past year, said Eby’s surprise seems misplaced. It has long been known by government insiders that the RCMP and Canadian courts have little or no capacity to prosecute transnational money launderers, they said.

These investigators — including current and former federal and municipal police officers and casino investigators — say that due to weak laws, poor police leadership, lack of funding for financial crime investigators, and disinterested prosecutors, laundering investigations have often been outright avoided by police.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s