The Flow of Money from China to British Columbia - An Independent Review of Issues Relating to the BC Money Laundering Inquiry

The purpose of the Cullen Commission of Inquiry into Money Laundering in British Columbia (hereinafter “the Commission”) is to address the problem of money laundering in British Columbia and make recommendations on how to improve our anti-money laundering (AML) systems. This independent research report discusses topics concerning how Chinese Canadians in B.C. perceive money laundering and its predicate crimes, patterns and trends in the flow of money from China, Chinese foreign exchange control measures, methods of transferring funds out of China without violating the rules, grey areas and loopholes, risks of irregularities and money laundering, important geopolitical and national security factors to be taken into consideration for the development of policy and legal options, et al. The discussion of legal and policy options on issues regarding the flow of money laundering from China must take into consideration the broad context of Canada’s increasingly complicated relations with China. Canada’s relationship with China has permanently changed in the past two years. Instead of talking about friendship or confrontation only, Canada must take a more comprehensive and balanced approach with greater caution and determination in dealing with all the important issues in its relationship with China, including cooperation in combating money laundering and other organized crime.

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