Alberta leading the country in ‘dirty money’: report

CALGARY (660 NEWS) – A report out of B.C. looking into money laundering has uncovered an ugly part of Alberta, we are actually leading the country when it comes to that crime rate.

The report was originally constructed to look into the crimes and their impact on the B.C. housing market. especially in Vancouver.

While it did report more than $7 billion in B.C. last year, the report only mentioned Alberta’s numbers from 2011 until 2015.

In that final year, Alberta had more than $10 billion estimated to be laundered in the province. That number was north of $10 billion for the two previous years as well.

The formula for finding this looked at GDP and specific crime rates including those associated with bribery, corruption, and tax avoidance.

Alberta clearly had the highest rate with Ontario in second.

READ MORE: Over $7 billion laundered in B.C. last year: report

The national figure from last year was more than $40 billion.

We have reached out to Alberta’s new Attorney General Doug Schweister for his reaction to this information.

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