According to B-C Supreme Court judge Austin Cullen, his inquiry into BC’s major money laundering case has concluded that the federal government’s anti-money laundering regime is ineffective.
Through his final report that was released earlier today, Cullen also believes that BC will have to establish its own provincial money laundering intelligence and investigation unit, and then hire a commissioner that will monitor how the government deals with this issue.
The final report that was put together by Cullen also has 101 recommendations which range from areas such as banking regulations, law enforcement and even real estate.
The proposed commissioner position would also track how and if these recommendations are being implemented properly.
BC’s attorney general, David Eby, gave a statement of his own on the report by namely thanking Cullen and his team for the work they did on investigating this problem.
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