In an effort to curtail money laundering in BC, the province will be undertaking a public consultation process.
BC’s Expert Panel on Money Laundering in Real Estate was formed earlier this year as part of the province’s 30 point Plan for Housing Affordability.
Maureen Maloney, BC’s former deputy attorney general, will head the panel which will investigate existing laws, financial services, regulations, and consumer protections to eliminate any gaps which may foster money laundering.
As part of the Panel’s investigation, they are now seeking ideas from the public.
Residents who wish to take part can submit ideas at engage dot gov dot bc slash preventing money laundering.
Submissions will be reviewed and included in the panel’s report in March of next year.
