BMW Canada has told the independent Commission of Inquiry into Money Laundering in British Columbia that more police are needed at Canadian ports to stem trade-based money laundering (TBML), which has involved the German motor manufacturer’s own luxury vehicles.

The inquiry was set up in response to widespread TBML through the export of luxury cars purchased from motor dealers in the Canadian province and sold to buyers in China (Trade Based Financial Crime, 24 May, 2019).

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