April 1, 2016 | Sam Cooper
Quoted from the article:
Experts say that money laundering, fraud and tax evasion in B.C.’s speculative real estate market could be impossible to tackle unless agency information silos are broken and enforcement is increased with high-tech efficiency.
Eby said data analytics could be used to better identify fraud in B.C. real estate, but he is worried that police forces don’t have the financial crimes staffing to investigate even the known cases.
“I was disappointed to see the significant non-compliance by realtors, found by Fintrac,” Eby said. “Police should be knocking on the door of these brokerages and saying, ‘Who are you taking money from and why are you hiding it?'”