VANCOUVER, BRITISH COLUMBIA – Vancouver penthouses, ski chalets at Whistler, and holiday retreats in Persian Gulf islands are among the thousands of properties identified in a dirty-money probe that estimates more than 7 billion Canadian dollars ($5 billion) was laundered through British Columbia last year.
The startling findings from two reports released by the provincial government Thursday illustrate how a torrent of suspicious cash has fueled casinos, luxury car sales and real estate in the Pacific Coast region. “The amount of money being laundered in B.C. is more than anyone predicted,” Finance Minister Carole James told reporters Thursday, referring to the western Canadian province.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.