B.C. money-laundering estimates may be wildly off the mark, admits report author

By Joannah Connolly / Glacier Media Real Estate
Chair of Expert Panel on Money Laundering in Real Estate tells SFU audience that the panel was unable to “estimate the inestimable”

Media headlines proclaimed recent findings of an estimated $7.4 billion in dirty money laundered in B.C. in 2018, with approximately $5.3 billion of that going through real estate, as reported by the province-commissioned Expert Panel on Money Laundering in Real Estate. But in reality, these figures are looser even than an estimate – they could be anywhere from approximately correct to totally off the mark, report author Professor Maureen Maloney confirmed June 20.…

Source:: B.C. money-laundering estimates may be wildly off the mark, admits report author

• Whistler News

June 22, 2019

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