News Analysis
Canada’s inability to impose legal consequences on money launderers frustrates experts who say the authorities can and must do more to fix the shortfalls in federal financial crime law.
In early 2021, a lengthy investigation by authorities in B.C. recommended eight charges against Paul King Jin of Richmond, B.C., over money-laundering offences. The BC Prosecution Service decided months later not to pursue the charges. Special prosecutor Christopher Considine was appointed in November 2021 to provide a second opinion, but on March 1 of this year he also decided against prosecution.
B.C. Premier David Eby denounced the failure to bring charges in the investigation into billions of dollars in cash that moved through B.C. casinos and Chinese bank accounts, and called for tougher federal money-laundering laws….