Aussie property save? Canada moves on Chinese money laundering

Monday, 1 October 2018

Perhaps there is hope yet for Aussie property prices. Via HuffPost:

Two government reviews will dig deeper into possible money laundering in British Columbia, expanding the province’s scrutiny beyond casinos.

The reviews are aimed at stopping the possibility of money laundering in other sectors of the province’s economy, which were cited in a June report by former RCMP deputy commissioner Peter German, who concluded the practice was happening in the provincial gaming industry.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.