The failure of a massive, multi-year money laundering investigation to yield charges is a “shocking” example of the shortfalls of federal financial crime law, British Columbia Premier David Eby said Thursday.
Eby called for tougher laws a day after B.C.’s prosecution service announced no charges will be laid in the E-Nationalize investigation into millions of dollars that moved through B.C. casinos and Chinese bank accounts.
“Obviously, there’s a serious problem with federal criminal law that allows this conduct to continue in our province,” he said.
“It’s probably shocking to British Columbians that you can have somebody in our province accepting suitcases full of bundled bills, operating in an unlicensed, illegal so-called money service business, receiving the money clandestinely, and that after teams of prosecutors have reviewed that conduct that there is no criminal charge that they can find that they can proceed with,” said Eby….