Money Laundering in Real Estate with Maureen Maloney

In Vancouver there are many high-end apartments where the lights never go on... In 2018/2019, Professor Maureen Maloney led an expert panel investigating Money Laundering in British Columbia's real estate sector. The expert panel reported that up to $5.3 billion was laundered through the BC real estate market in 2018, raising housing prices by an estimated 5%. In this podcast, the final episode of Financial Crime Matters Season 1, Kieran Beer and Maureen Maloney unpick why British Columbia is so vulnerable to money laundering, and how authorities might move to stop it. Access the expert panel's full report at: https://www2.gov.bc.ca/gov/content/housing-tenancy/real-estate-bc/consultations/money-laundering