Close X
Tuesday, April 23, 2019
ADVT 
National

Five Agencies Banding Together To Help Fight Money Laundering In B.C.'s Real Estate Industry

The Canadian Press, 15 Apr, 2019
  • Five Agencies Banding Together To Help Fight Money Laundering In B.C.'s Real Estate Industry

B.C. Attorney General David Eby and Finance Minister Carole James released a joint statement saying the collaboration will go a long way towards getting dirty money out of the real estate market and protecting consumers.


The B.C. Real Estate Association says in a news release the groups commit to sharing best practices to help keep proceeds of crime out of the economy and ensuring the public has full confidence in B.C.'s real estate market.


The other participating organizations include the Appraisal Institute of Canada, BC Notaries Association, Canada Mortgage Brokers Association and the Real Estate Board of Greater Vancouver.


The groups have committed to share those best practices, including accepting only verified funds and making anti-money laundering education mandatory for all real estate agents.


An international anti-money laundering agency said last year that organized criminals were laundering about $1 billion annually in the province and the B.C. government is now reviewing two reports on the crime.


The joint statement from Eby and James says the actions by the organizations "will go a long way towards getting dirty money out of the real estate market, protecting consumers and helping industry professionals improve their knowledge and regulatory compliance."


The Real Estate Council of B.C., the disciplinary body for agents and brokerages, announced last week that it had agreed to share information with Canada's financial intelligence unit, or FINTRAC, in an attempt to fight money laundering.

MORE National ARTICLES

Independent Probe Launched Following In-Custody Death In Dawson Creek, B.C.

Independent Probe Launched Following In-Custody Death In Dawson Creek, B.C.

 Investigators with British Columbia's police watchdog have been called to Dawson Creek after a woman collapsed while in custody and later died.

Independent Probe Launched Following In-Custody Death In Dawson Creek, B.C.

Alberta's Notley Talks Pipelines, Energy On Last Day Of Election Campaign

Alberta's Notley Talks Pipelines, Energy On Last Day Of Election Campaign

Alberta's NDP leader spent the final day of the provincial election campaign casting herself as the best person to get the Trans Mountain pipeline expansion past the finish line.

 

 

Alberta's Notley Talks Pipelines, Energy On Last Day Of Election Campaign

Charges Laid After 13 Vehicles Damaged In Bizarre Edmonton Gas-Splashing

Charges Laid After 13 Vehicles Damaged In Bizarre Edmonton Gas-Splashing

A man who was arrested in Edmonton with the help of a citizen after allegedly lighting vehicles on fire now faces charges.

Charges Laid After 13 Vehicles Damaged In Bizarre Edmonton Gas-Splashing

Bystander Stops Suspect Who Appears In Video To Set Car On Fire With Fuel In Edmonton

Bystander Stops Suspect Who Appears In Video To Set Car On Fire With Fuel In Edmonton

 A burly, bearded man wearing a Hawaiian shirt is being praised for chasing and tackling a person who, in a video, appeared to douse a vehicle with gasoline and set it on fire in Edmonton on Friday night.

Bystander Stops Suspect Who Appears In Video To Set Car On Fire With Fuel In Edmonton

Woman Dies After Falling From Sixth-Floor Balcony In Old Montreal

Woman Dies After Falling From Sixth-Floor Balcony In Old Montreal

MONTREAL — A 36-year-old woman has died after falling from a sixth-floor balcony in Old Montreal.

Woman Dies After Falling From Sixth-Floor Balcony In Old Montreal

Moose On The Loose Leads Royal Newfoundland Constabulary To Stolen Vehicle

Moose On The Loose Leads Royal Newfoundland Constabulary To Stolen Vehicle

ST. JOHN'S, N.L. — Police in St. John's, N.L. were tracking a moose that was wandering around the city when the animal led them to a surprising find — a stolen vehicle.

 

 

Moose On The Loose Leads Royal Newfoundland Constabulary To Stolen Vehicle

PrevNext