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Canada - TV documentary: massive money laundering has B.C. awash in illegal cash

S.J.B.

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W5 investigates massive money laundering that has B.C. awash in illegal cash
Kevin Newman
CTV
February 8th, 2019

It has been hard to grasp just how deep and wide the rot has been.

Court cases have collapsed, news conferences cancelled, and political leaders stonewalled in multiple attempts to inform the public of the magnitude of British Columbia's problem with illegal gambling.

Not that things haven't been going on away from the public eye. For at least six years, someone who witnessed criminal behavior has been quietly co-operating with the RCMP and helping reporters ask the right questions.

...

It has never been fully appreciated how much money has been coming in from criminal organizations (from mostly drug sales), deposited in illegal banks which then provide gamblers the money to bet with, thereby "cleaning" the money.

But W5 has obtained surveillance video and accounting ledgers from one of those banks, and on any given day millions of dollars came in, and went out. They may be the images which finally convince lawmakers to look at why money laundering cases keep collapsing in Canada, and why no one is in jail for moving billions through our country.

Watch the documentary, "The Laundromat," here.
 
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