Former Mountie finds staffing shortages in B.C. RCMP money-laundering unit
Peter German, former deputy commissioner of the RCMP, speaks about his review of anti-money laundering practices in the province, during a news conference in Vancouver, on June 27, 2018.Gangsters and transnational criminal networks are exploiting long-standing B.C. staffing shortages at the RCMP’s money-laundering unit, knowing they are unlikely to face criminal charges and that any civil-forfeiture proceedings will only target a fraction of their assets, according to experts.
The biggest problem with this one-sided approach, according to other money-laundering experts, is the civil-forfeiture process,, only ever captures up to half the overall assets of the sophisticated criminals being targeted. That parallel, more complex, criminal investigation or “archeological dig” is imperative in targeting the hidden assets of a drug kingpin, he said.
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