Vancouver Supercars Are Next in Canadian Dirty Money Crackdown
- British Columbia says $300,000 cars can be bought in cash
- Attorney General wants dealers to report large cash deals
Photographer: Ben Nelms/Bloomberg
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A money laundering crackdown sparked by lavish bets at Vancouver gambling tables has a new target in sight: The Canadian city’s gleaming luxury dealerships where buyers can pay cash for $300,000 supercars.
“Going after money laundering is very much like whack-a-mole,” British Columbia Attorney General David Eby said in a phone interview Tuesday from Ottawa, where he’d traveled to plead for federal help in battling dirty money. “We can take the cash out of the casino, but it’s going somewhere else and we need to identify where and take action to address it.”