Dirty Money is a formerly confidential report commissioned by the

Government of British Columbia The Government of British Columbia (french: Gouvernement de la Colombie-Britannique) is the body responsible for the administration of the Canadian province of British Columbia. A constitutional monarchy, the Crown is the corporation sole, assumi ...

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 significantly higher. The report was one of the first to reveal what anti-money laundering experts coined the “

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 evide ...

.” The method involves combining opioid sales, loan sharking, and money laundering through casinos and housing.

Dirty Money II

In 2019, Dirty Money II (officially: ''Dirty Money – Part 2: Turning the Tide – An Independent Review of Money Laundering in B.C. Real Estate, Luxury Vehicle Sales & Horse Racing'') was released. The second part focused on how the funds ended up in everyday consumer goods, such as real estate and luxury vehicles. The report estimates the annual amount of money laundering in the province to be $7 billion. It also reveals real estate and luxury vehicle purchases are frequently used to launder money in the province.

History

In 2017, then BC Attorney General

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 De ...

hired former

RCMP 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 and national police service of Canada. As poli ...

deputy commissioner

Peter German Peter German (born 2 February 1965) is a former Australian rules footballer. Since retiring he has become a successful coach. German coached Subiaco to the 2004 and 2006 WAFL premierships and was rewarded by being named as an assistant to ...

to conduct an independent investigation into money laundering rumors. This follows reports of rapidly rising home prices and increased brazenness of organized crime in

Vancouver Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...

References

{{reflist category: reports

Reports A report is a document that presents information in an organized format for a specific audience and purpose. Although summaries of reports may be delivered orally, complete reports are almost always in the form of written documents. Usage In ...

Intelligence Intelligence has been defined in many ways: the capacity for abstraction, logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving. More generally, it can b ...

Money laundering Tax evasion Organized crime activity History of British Columbia