Yahoo News | Money laundering report points to government, RCMP failures, but finds no corruption

In the below article from Yahoo News, money laundering in British Columbia reached "staggering" levels due to inadequate efforts by police, politicians and regulators to curtail the crime, but there was no evidence it involved official corruption, a long-awaited public inquiry report has concluded.

The report released Wednesday by former B.C. Supreme Court justice Austin Cullen, who led the commission of inquiry into money laundering in the province, said billions in illicit funds linked to organized crime and the drug trade impacted the real estate, gaming and luxury vehicle sectors.

Cullen said the former B.C. Liberal government and gaming officials at the Crown-owned B.C. Lottery Corp., were aware of suspicious cash flowing into casinos around the time of the 2010 Vancouver Olympics but they did not exhibit the "will" to fully tackle the problem......

Money laundering report points to government, RCMP failures, but finds no corruption (yahoo.com)