Following the bombshell report detailing how Vancouver-area casinos became hubs for international money laundering, the second phase of B.C.‘s battle against dirty money is expected to target real estate.

While the real estate sector largely drives B.C.‘s economy, many members of the industry appear to have significant work to do on this front. According to data obtained by Postmedia News, Canada‘s financial intelligence watchdog found “significant” and “very significant” deficiencies in the anti-money laundering controls at 88 per cent of real estate entities they examined in B.C. over the last two years.