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Vancouver Model
The Cullen Commission (officially: ''Commission of Inquiry Into Money Laundering in British Columbia)'' is a money laundering inquiry established by the Provinces and territories of Canada, Canadian province of British Columbia. Currently all evidence has been presented, and the Commission was given an extension until May 20, 2022, to deliver its findings. The findings were delivered to the BC attorney general on June 2, 2022, and require a review from the Attorney general of British Columbia before they can be released. The findings were expected to be released on June 15, 2022. Mandate and hearings The commission is mandated with examining whether systemic regulatory failures allowed money laundering to take root in BC casinos and real estate. The commission collected testimony of 200 witnesses, including former Premier Christy Clark and former gaming minister Rich Coleman, in an investigation that took place over more than 130 days. As of 2021, closing arguments are underway. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history. COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Transactions And Reports Analysis Centre Of Canada
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC; french: Centre d'analyse des opérations et déclarations financières du Canada) is the national financial intelligence agency of Canada. FINTRAC was established in 2000 under the Proceeds of Crime (Money Laundering) Act to facilitate detection and investigation of money laundering, FINTRAC's mandate was expanded in December 2001 following amendments to the Proceeds of Crime Act to also disclose financial intelligence to other Canadian intelligence and law enforcement agencies with respect to suspected terrorist financing. FINTRAC's mandate was further expanded in 2006 under Bill C-25 to enhance the client identification, record-keeping and reporting measures, established a registration regime for money services businesses and foreign exchange dealers, and created new offences for not registering. FINTRAC has been a member of the Egmont Group of Financial Intelligence Units, an international organization o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Eby
David Robert Patrick Eby (born July 21, 1976) is a Canadian politician and lawyer who has been serving as the 37th and current premier of British Columbia since November 18, 2022, and has been serving as the leader of the British Columbia New Democratic Party (NDP) since October 21, 2022. A member of the Legislative Assembly of British Columbia, Eby has represented the riding of Vancouver-Point Grey since 2013. From 2017 to 2022, he served in the John Horgan cabinet as Attorney General. Early life and career Eby grew up in Kitchener, Ontario and is of Swiss Mennonite descent on his father's side. His father, Brian, was a personal injury lawyer and his mother, Laura, was a teacher, and later a grade school principal. He has a sister, and two brothers, named Matthew and Patrick. He was president of St. Mary’s High School in his final year. He studied English at the University of Waterloo and worked for a communications firm after graduation. In 2004, he graduated from Sch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney General Of British Columbia
The attorney general of British Columbia (AG) oversees the Ministry of Attorney General, a provincial government department responsible for the oversight of the justice system, within the province of British Columbia, Canada. The attorney general is a member of the Executive Council of British Columbia, provincial cabinet, typically a Legislative Assembly of British Columbia, member of Legislative Assembly who is chosen by the premier of British Columbia and formally appointed by the lieutenant governor of British Columbia. The attorney general is responsible for ensuring that public administration is conducted according to the law and as such, they are the chief advisor of law to the government, in addition to overseeing the court system and British Columbia Sheriff Service, Sheriff Service. Under the ''King's Counsel Act'', the attorney general is automatically appointed a King's Counsel upon swearing into office. The attorney general also serves as an ''ex officio'' bencher of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Canada
The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-Council''; the legislature A legislature is an assembly with the authority to make law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its p ..., as the ''Crown-in-Parliament''; and the courts, as the ''Crown-on-the-Bench''. Three institutions—the Privy Council ( conventionally, the Cabinet); the Parliament of Canada; and the Judiciary of Canada, judiciary, respectively—exercise the powers of the Crown. The term "Government of Canada" (french: Gouvernement du Canada, links=no) more commonly refers specifically to the executive—Minister of the Crown, ministers of the Crown (the Cabinet) and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Casino Chip
Casino tokens (also known as casino or gaming chips, checks, cheques or poker chips) are small discs used in terms of currency in casinos. Colored metal, injection-molded plastic or compression molded clay tokens of various denominations are used primarily in table games, as opposed to metal token coins, used primarily in slot machines. Casino tokens are also widely used as play money in casual or tournament games. Some casinos also use rectangular gaming plaques for high-stakes table games ($25,000 and above). Plaques differ from chips in that they are larger, usually rectangular in shape and contain serial numbers. Use Money is exchanged for tokens in a casino at the casino cage, at the gaming tables, or at a cashier station. The tokens are interchangeable with money at the casino. Generally they have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally. Tokens are employed for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering In Canada
Money laundering in Canada is a problem described by professionals in 2019 as a "national crisis," and which has attracted international attention. Money laundering has become such a significant part of Canada's domestic economy that anti-money laundering experts have associated two distinct types of laundering (snow washing and the Vancouver Model) with the country. As of July 2022, a public inquiry is currently being held to gauge the extent of the problem. Economic impact Canada generates a significant share of its gross domestic product (GDP) from money laundering. Canadian intelligence estimates $113 billion of funds are laundered annually, which works out to over 5% of GDP. This generates significant demand for goods that may otherwise be considered essential, such as housing. Housing Canadian housing is a frequently used tool for money laundering that often involves organized crime, according to Criminal Intelligence Service Canada, one of the country's intelligence agenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dirty Money (report)
Dirty Money is a formerly confidential report commissioned by the Government of British Columbia into the state of money laundering in the province. It was released to the public in two parts in 2018 and 2019, respectively. Dirty Money I The first Dirty Money report (officially: ''Dirty Money: An Independent Review of Money Laundering in Lower Mainland Casinos conducted for the Attorney General of British Columbia'') was released in 2018. The report specifically focused on money laundering in the province’s casinos, and alleges the funds were often the proceeds of illicit fentanyl sales. The report provides evidence showing officials were warned about the problem as early as 2011, but failed to take action. At least $100 million in funds were unwittingly washed through major casinos in the province. In the year immediately after the report, casinos adopted more strict protocols and observed a 30% decline in gambling revenues. This potentially implies the number is significa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter German (academic)
Peter German is a Canadian legal academic and anti-money laundering expert. He is best known as the author of the Dirty Money reports, as well as serving as the former deputy commissioner of the Royal Canadian Mounted Police. Personal life German was born in 1952 in Vancouver, British Columbia, and currently lives in the city where he operates an anti-money laundering consultancy. He completed his PhD in law in 2010. Career German served in various law enforcement and intelligence roles, and runs a private legal consultancy. Law Enforcement German previously served as the RCMP commander for Lower Mainland from 2007 to 2011. He subsequently served as the deputy commissioner for the RCMP, and the deputy commissioner at the Correctional Service of Canada. Academia German is the author of ''Proceeds of Crime and Money Laundering,'' considered the “leading anti-money laundering law” textbook in Canada. Peter German & Associates German operates a private consultancy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Canadian Mounted Police
The Royal Canadian Mounted Police (RCMP; french: Gendarmerie royale du Canada; french: GRC, label=none), commonly known in English as the Mounties (and colloquially in French as ) is the federal police, federal and national police service of Canada. As police services are the constitutional responsibility of provinces and territories of Canada, the RCMP's primary responsibility is the enforcement of federal criminal law, and sworn members of the RCMP have jurisdiction as a Law enforcement officer, peace officer in all provinces and territories of Canada.Royal Canadian Mounted Police Act', RSC 1985, c R-10, s 11.1. However, the service also provides police services under contract to eight of Canada's Provinces and territories of Canada#Provinces, provinces (all except Ontario and Quebec), all three of Canada's Provinces and territories of Canada#Territories, territories, more than 150 municipalities, and 600 Indigenous peoples in Canada, Indigenous communities. In addition to en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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