Billions of Dollars Laundered Annually in British Columbia

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VANCOUVER — Self-professed students were buying multimillion-dollar homes in the Vancouver area, with dubious sources of income, or none at all.

A family of modest means transferred at least 114 million Canadian dollars to British Columbia.

Loan sharks cleaned their dirty money by giving garbage bags and hockey bags full of illicit Canadian 20 dollar bills to gamblers who took it onto casino floors.

Those were just some of the findings from a long-awaited report into money laundering in Canada’s western province of British Columbia, which after two years of testimony was finally released by a special commission on Wednesday.

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