British Columbia report pegs $5.5 billion laundered in 2018, housing in focus

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British Columbia report pegs $5.5 billion laundered in 2018, housing in focus
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British Columbia's housing market was the primary vehicle used to launder C...

FILE PHOTO - Rooftops of houses and the downtown core are seen in Vancouver, British Columbia, Canada January 7, 2017. REUTERS/Chris Helgren

Money laundering contributed to crime and drug trafficking of opiates, and reduced tax revenues and damaged the reputations and stability of professions and institutions, the report said.

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