Massive, multi-year B.C. money laundering investigation ends without charges

gangster accused of laundering millions of dollars through British Columbia, including at casinos.It’s the second time a massive, multi-year investigation into the activities the alleged mastermind in the so-called “Vancouver-model” of money laundering has failed.Former B.C.

Attorney General and now Premier David Eby appointed special prosecutor Christopher Considine, K.C., to conduct an independent charge assessment in the RCMP’s E-Nationalize investigation in November 2021, after the B.C.

Prosecution Service (BCPS) came to its own conclusion that the file did not meet the standards for charge assessment standard.On Wednesday, the BCPS confirmed that Considine had independently come to the same conclusion.

Read more: ‘Vancouver Model’ money laundering connects B.C., Las Vegas and Macau casinos, inquiry hears The key issue, according to a statement provided by Considine, related to the language in Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), which requires the Crown to prove money being moved by a suspect is, itself, the proceeds of crime.Considine found there was little question that the large volumes of cash the accused, named only as “X” in the filings, was “highly suspicious” and that he was operating an unregistered money services business (MBS).But he said under the specific language of the law, while the failure to register such a business is itself illegal, a court may not conclude that actually operating one was a crime, leaving a reasonable likelihood that prosecution would fail.“It is frustrating … But we also have to remember this isn’t all the tools in the toolkit.