Province receives two money laundering reports after reviews of real estate, cars

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Province receives two money laundering reports after reviews of real estate, cars
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Both come after concern expressed about B.C.’s reputation as a “haven” for money laundering

VICTORIA — Two reports on money laundering have been delivered to the provincial government after reviews aimed at shutting down the problem in real estate, luxury cars and horse racing.

The first report is by an expert panel on money laundering and it recommends rule changes that would close loopholes in the real estate market and increase transparency on who owns property in B.C.

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