B.C. introduces measures to combat money laundering, includes orders to explain wealth
The B.C. government is creating new measures to combat money laundering, including legislation that could compel owners to explain where wealth came from to purchase assets such as luxury houses and cars.
So-called unexplained wealth orders would have to be applied for in each case through the courts and meet certain tests, but if passed, would put a reverse onus on the alleged perpetrator to explain where money came from to buy their assets where there is a suspicion of criminal activity or corruption.
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