Dirty Money is a formerly confidential report commissioned by the

Government of British Columbia The Government of British Columbia () is the body responsible for the administration of the Canadian province of British Columbia. The term ''Government of British Columbia'' can refer to either the collective set of all three institutions, or mo ...

into the state of money laundering in the province. It was released to the public in two parts in 2018 and 2019, respectively.

Dirty Money I

The first Dirty Money report (officially: ''Dirty Money: An Independent Review of Money Laundering in Lower Mainland Casinos conducted for the Attorney General of British Columbia'') was released in 2018. The report specifically focused on money laundering in the province’s casinos, and alleges the funds were often the proceeds of illicit fentanyl sales. The report provides evidence showing officials were warned about the problem as early as 2011, but failed to take action. At least $100 million in funds were unwittingly washed through major casinos in the province. In the year immediately after the report, casinos adopted more strict protocols and observed a 30% decline in gambling revenues. This potentially implies the number is significantly higher. The report was one of the first to reveal what anti-money laundering experts coined the “ Vancouver Model.” The method involves combining opioid sales, loan sharking, and money laundering through casinos and housing.

Dirty Money II

In 2019, Dirty Money II (officially: ''Dirty Money – Part 2: Turning the Tide – An Independent Review of Money Laundering in B.C. Real Estate, Luxury Vehicle Sales & Horse Racing'') was released. The second part focused on how the funds ended up in everyday consumer goods, such as real estate and luxury vehicles. The report estimates the annual amount of money laundering in the province to be $7 billion. It also reveals real estate and luxury vehicle purchases are frequently used to launder money in the province.

History

In 2017, then BC Attorney General

David Eby David Robert Patrick Eby (; born July 21, 1976) is a Canadian politician and lawyer who has served as the 37th and current premier of British Columbia since November 18, 2022. Eby is a member of the British Columbia New Democratic Party (NDP) a ...

hired former

RCMP The Royal Canadian Mounted Police (RCMP; , GRC) is the Law enforcement in Canada, national police service of Canada. The RCMP is an agency of the Government of Canada; it also provides police services under contract to 11 Provinces and terri ...

deputy commissioner Peter German to conduct an independent investigation into money laundering rumors. This follows reports of rapidly rising home prices and increased brazenness of organized crime in

Vancouver Vancouver is a major city in Western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the cit ...

References

{{reflist category: reports

Reports A report is a document or a statement that presents information in an organized format for a specific audience and purpose. Although summaries of reports may be delivered orally, complete reports are usually given in the form of written documen ...

Intelligence Intelligence has been defined in many ways: the capacity for abstraction, logic, understanding, self-awareness, learning, emotional knowledge, reasoning, planning, creativity, critical thinking, and problem-solving. It can be described as t ...

Money laundering Tax evasion Organized crime activity History of British Columbia