B.C. says land registry is open and will help combat money laundering
03 Dec 2020

The B.C. government has launched a new land registry that it says will help combat money laundering and make the real estate market more transparent.

Beginning Monday, any corporation, trustee or partnership that buys land in B.C. must disclose the interest holders of that land through the Land Owner Transparency Registry.

Existing registered land owners have one year to register and disclose their interest holders.

The government says in a news release the information provided may be used by tax and law authorities to investigate and crack down on illegal activity.

Read more by The Canadian Press via CTV News

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