Money laundering reports
Last updated on June 15, 2023The B.C. government commissioned several independent reports and a public inquiry to understand the extent and ways that money is laundered in B.C.
B.C. Supreme Court Justice Austin F. Cullen led a public inquiry to understand the full scope of money laundering in British Columbia. The Cullen Commission found the volume of money laundered in the province was “enormous”.
The Cullen Commission concluded money laundering is linked to violent crime and the illicit, poisoned drug trade in B.C., and needs action from governments, regulators, and businesses.
Former RCMP national Director General of Financial Crime, Peter German, KC, PhD, was first asked to examine potential money laundering in the gambling industry and then in the construction and real estate industries as well as the luxury car and horse racing sectors. Government has addressed all 48 recommendations from Dr. German’s first report, Dirty Money. The Expert Panel on Money Laundering was also asked to produce a report on money laundering in the real estate sector. The majority of the recommendations in these reports have been implemented.
For more information about money laundering:
- Cullen Commission Final Report (PDF), conducted by the Cullen Commission
- Dirty Money (PDF), an Independent Review of Money Laundering in Lower Mainland Casinos, authored by Dr. Peter German
- Dirty Money Part 2: Turning the tide (PDF), an Independent Review of Money Laundering in B.C. Real Estate, Luxury Vehicle Sales & Horse Racing, authored by Dr. Peter German
- Combatting Money Laundering Report (PDF), from an expert panel on money laundering in real estate
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