Canada: B.C. to look at private lenders as part of money laundering probe


SEPTEMBER 30, 2018

A new probe into money-laundering in British Columbia will look into private lenders’ use of Vancouver-area real estate to hide drug money, a tactic uncovered in a Globe and Mail investigation.

Peter German, a former deputy commissioner of the RCMP and Correctional Service Canada, is heading the review for Attorney-General David Eby.

The scope of the review includes real estate, horse racing and luxury cars.