Share your opinion with editor@langleyadvancetimes.com

Law enforcers need better tools to fight money laundering

Liberals trying to restore Conservative law enforcement budget cuts

Dear Editor,

As the Member of Parliament for Cloverdale-Langley, I have heard concerns from constituents about the rising cost of living across British Coiumbia as a result of money laundering, and lives that have been lost because of those looking to earn a profit through drug trafficking.

Though it is hard to decipher exactly how much activity there is in the illegal market, over the past few weeks we have learned more, thanks to the work of Dr. Peter German and the expert panel on money laundering led by Professor Maureen Maloney.

Yet this has been a growing problem for far too long. After the previous Conservative government cut over half a billion dollars from the RCMP’s budget, denying them the necessary resources needed to combat organized crime and disbanding the RCMP s Proceeds of Crime Unit, money laundering and organized crime continued to profit in Canada

To help keep illegal money out of communities across Canada, we brought forward significant measures to prevent, detect, and address money laundering wherever it arises.

This includes earmarking over $162 million to support law enforcement and establish new audit teams to inspect suspicious real estate purchases and international financial flows. We are also proposing an integrated plan to strengthen and modernize Canada’s anti-money laundering regime.

That also means new penalties for aiding in money laundering, through a new offence recklessness in the CriminaI Code, which will reduce the burden of proof required for a convictionmto include those who oversee the transfer of a large sum of suspicious dollars in a careless manner.

Additionally, new regulations will also bring oversight to virtual currency, and give the RCMP, FINTRAC, and Canada Border Services Agency and gthe Canada Revenue Agency more tools to do their important work.

Finally, we are working with provinces to strengthen beneficial ownership transparency by requiring federally invorporated corporations to make information more readily available to tax authorities and law enforcement. Knowing clearly who owns that will help us stop those using corporations to evade taxes, launder money, finance terrorism, and trade in dangerous like firearms.

Unfortunately, both the NDP and Conservatives have voted against these budgetary measures, thereby opposing investments for law enforcement to better direct and deter organized crime as well as measures to better punish those who break thc law.By voting against our measures to address money laundering, the NDP and Conservatives have signaled their intent to allow oprganized crime to continue to profit at the expense of law-abiding Canadians

We all must feel safe in our community and be part of an economy that rewards honest, hard work. That is the economy we are building.

John Aldag, MP, Colverdale-Langley City

_________________________________

Do you have anything to add? Share your opinion.

Email: editor@langleyadvancetimes.com

Like us on Facebook or follow us on Twitter

_________________________________

Just Posted

UPDATED: Police looking at other collisions linked to impaired driver who allegedly struck Langley 12-year-old

One of two Friday hit-and-runs the driver is believed to be part of, Langley police say

Burnouts stressing out Langley’s Cruise-In board

A board member said the charity car show can’t allow burnouts for safety reasons

Langley council will hear petition to rename park after teen overdose victim

With 3,500 signatures so far, organizer is thinking of closing down online campaign

Best Set Decoration and Best Supporting Actress for Langley Players Club production

Dancing at Lughnasa among winners at the 26 Annual Community Theatre Coalition Awards

VIDEO: Drone footage documents work to free salmon at Big Bar landslide

Video shows crews working to remove rocks and wood, and transporting salmon by helicopter

Bear killed in Kimberley after chasing girl, wreaking havoc on town

This particular brown-coloured bear has been the subject of many calls this summer; very food habituated, CO says

Police investigate after intoxicated teens clash with security at B.C. fair

18-year-old woman arrested and RCMP looking at possible assault in Victoria-area fall fair incident

Boy overdosed on illicit anti-anxiety drug found on Kelowna classroom floor, RCMP say

Noah Mills, 8, ingested a pink powdery substance off his Kelowna classroom floor

BC SPCA investigating after three dogs found shot dead in Prince George ditch

The three adult dogs appeared to be well cared for before being found with gunshot wounds, BC SPCA says

Psychiatric assessment ordered for man accused in Salmon Arm church shooting

Lawyer tells court accused was diagnosed with psychosis hours after his arrest

Surrey mom allegedly paid $400,000 for son in U.S. college bribery scam

Xiaoning Sui, 48, was arrested in Spain on Monday night

Winnipeg student, killed in bus crash, remembered as passionate, kind

University of Victoria student Emma Machado, 18, was killed in the bus crash near Bamfield on Friday

B.C. offers early retirement, training fund for forest workers

Communities eligible for $100,000 for permanent closures

Most Read