May 28 2019
The fight against money laundering in the province continues, with the B.C. government now looking into how tuition is paid at post-secondary institutions.
The province wants to ensure universities and colleges have policies in place to avoid becoming targets for laundering when accepting large amounts of cash.
This follows a report by former senior Mountie Peter German where he advised the government of people paying thousands of dollars in “suspicious cash” for multiple semesters in advance but then seeking refunds by cheque.