In June 2022, the Commission of Inquiry into Money Laundering in British Columbia (the Cullen Commission) released its highly anticipated, 1,800+ plus page Final Report. The Commission’s conclusions and 101 recommendations suggest that significant changes by government, law enforcement, and regulators are on the way to stem the flow of what the Commission found was the billions of dollars in laundered money entering the British Columbia economy each year.
In this session we will discuss:
- The Commission’s findings and recommendations for the real estate, financial services, and legal sectors
- Expected future developments in BC and Canada
- Practical tips and traps when proactively implementing best practices