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B.C.'s 'staggering' money laundering problem

After three years of investigation, the final report from a B.C. public inquiry into money laundering says the amount of dirty money moving through the province is "staggering." The report says inaction by federal and provincial authorities allowed the problem to grow.
Cullen Commission senior counsel Patrick McGowan, left, and Commissioner Austin Cullen leave after speaking to media about Cullen's final report into money laundering in B.C. on June 14, 2022. (Ben Nelms/CBC)

After three years of investigation, the final report from a B.C. public inquiry into money laundering says the amount of dirty money moving through the province is "staggering." 

In the report released Wednesday, B.C. Supreme Court Justice Austin Cullen estimated that billions of dollars worth of illicit funds have poured into the province, especially in casinos and real estate. Cullen didn't hesitate to place blame, pointing to what he called years of federal and provincial inaction that have allowed the problem to persist and grow. 

Today, investigative reporter Eric Rankin joins us to explain why B.C. has become a money laundering hub, and why governments and law enforcement have been ineffective at stopping it. 

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