B.C. government announces inquiry into money laundering problem

The B.C. government has called a public inquiry into money laundering in the province’s economy. Premier John Horgan announced Wednesday his government has decided to use the public inquiry to get to the bottom of how money laundering has seeped into the housing market, luxury car market, and casinos. “From day one, our government has been working to tackle the housing crisis and fraud that went unchecked for over a decade, hurting people and B.C.’s economy,” Horgan said. “We have taken decisive actions to combat money laundering, but questions remain and people in B.C. deserve answers.” The provincial cabinet has been grappling with the decision following the submission of the Peter German report and Maureen Maloney report looking into laundering in the housing market. MORE: For more info, please go to Subscribe to Global News Channel HERE: