Dirty water: Fisheries on West Coast may be vulnerable to money laundering

By Rochelle Baker  Local Journalism Initiative Reporter The lack of transparency about who owns or controls commercial fishing licences, quota and vessels in Canada makes them attractive targets for criminals looking to launder money. That warning was issued by lawyer and former RCMP deputy commissioner Peter German in testimony at a House committee meeting this week. German, who authored two explosive “Dirty Money” reports for the B.C. government detailing the depth of money laundering in the province, spoke to the Standing Committee of Fisheries and Oceans (FOPO) as part of its ongoing investigation into foreign ownership and corporate concentration of fishing licences and quota. German stressed his expertise lies in scrutinizing money laundering, organized crime and corruption, not fisheries policy. However, he noted the lack of transparency and the federal…

This content is for Yearly Subscription and Yearly Subscription – Corporate members only.
Log In Register

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.