2 ms·
It was amazingly profitable (tax dollar wise) to the previous conservative government ("BC liberals" are a conservative party) so they of course made it as smoo
by teunispeters 8y ago
It was amazingly profitable (tax dollar wise) to the previous conservative government ("BC liberals" are a conservative party) so they of course made it as smooth and as easy as possible to launder money in BC through real estate purchases.
Casinos are more complex. I think there is a combination of how fast things go with law enforcement response time (bureaucracy can be very slow, especially on "white collar" crime - especially when the bureaucrats have no comprehension of how big the problem is or could be)
I left Vancouver because this isn't going to end well - too much infrastructure depends on the laundering to continue, but the laundering is making it unreasonably expensive to live there.
Oh, and no I don't blame any particular other country. I strongly suspect a lot of it is income displacement to avoid taxes ... a move only particularly wealthy can do. It's not hard to find some arbitrary person who needs it somewhere, pay them to hide the trail and have them represent - or one of their agents - fronting as a student or the like. Much easier if they're not from the same country who this scam is being done to, or from, I'd think.
(but that's pure conjecture on my part. See CBC radio documentary "Sold!" though for a much better precis).