The Ministry of Advanced Education, Skills and Training has launched an information campaign to prevent sexualized violence and misconduct around post-secondary campuses. (iStock photo)

B.C. post-secondary schools told to halt cash tuition payments to combat money laundering

Post-secondary schools will no longer be allowed to accept large cash payments from students

As money laundering remains top of mind for politicians and British Columbians alike, the province announced measures Tuesday in order to protect post-secondary schools from becoming targets for dirty money.

Beginning immediately, public and private post-secondary institutions will no longer be allowed to accept large cash payments from students, Advanced Education Minister Melanie Mark told reporters at the B.C. Legislature in Victoria.

Institutions without a policy on accepting cash for tuition are also being asked to develop one.

READ MORE: B.C. holding public inquiry to track rise of money laundering

This marks the latest move by the NDP government to quash money laundering in the province and follows a May 9th report by former deputy RCMP commissioner Peter German, which estimated that more than $7 billion in dirty money was laundered through B.C. in 2018.

READ MORE: Crackdown on money laundering does not include federal public inquiry

Although that report focused on how real estate, luxury cars and horse racing are implicated by criminals cleaning dirty money, German also identified alleged reports of money laundering in other vulnerable sectors, including the province’s post-secondary system.

“Peter German has advised that people are paying thousands of dollars in suspicious cash for multiple semesters in advance and then seeking refunds by cheque,” Attorney General David Eby said in a news release.

“Our post-secondary institutions must not be used to launder money, and we are asking them to review their policies to put a stop to it.”

READ MORE: RCMP has ‘no’ money laundering investigators in B.C.

READ MORE: Hot cars hide dirty money, B.C. investigation shows

B.C. is home to 25 public post-secondary schools where 437,500 students are registered, as well as 342 private career training institutions and private degree-granting institutions where 71,000 students attend.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

LETTER: Money from oil not worth the risk

Agassiz resident Sharon Francis writes about her opposition to the Trans Mountain Pipeline

Westbound crash on Highway 1 in Langley causing extreme traffic delays

Collision occured just after Glover Road, cars backed up all the way to 264th Street

Harrison Festival to host viewing of local ‘Still Standing’ episode

Comedian Jonny Harris came to Harrison Hot Springs in January to film part of his TV series

Blowback from the Trudeau in brownface debacle reaches Chilliwack

PM in questionable photos released in the middle of the federal election campaign had ripple effects

‘I just can’t believe it’: Agassiz swimmer brings home six medals from seniors games

Patti Komar won three gold and three silver medals in her first competition in 48 years

VIDEO: Agassiz Fall Fair celebrates 115 years of fair fun

From 4H shows to pie eating contests, the annual fair brought its best to the community this year

Handgun crackdown, health spending and transit plans latest campaign promises

Friday was the end of a busy week on the campaign trail

B.C. woman photographs massive ant swarm on Abbotsford driveway

She asked what the ants were doing? The answer: war

Police arrest B.C. phone scammer linked to illegal call centres in India

Person arrested in Burnaby here on a work visa, says police

Air Canada forced girl, 12, to remove hijab: civil rights group

The San Francisco Bay Area office of the Council on American-Islamic Relations calling for change

Man from Winnipeg who was hiking alone found dead in Banff National Park

RCMP say the man was hiking alone on Mount Temple Thursday

Takaya, B.C.’s intriguing lone wolf, seen eating seal and howling away on Discovery Island

Fun facts about Takaya the wolf, like his a 36-hour tour around Chatham, Discovery Islands

Surrey school district OKs students skipping class for global climate strike

Students must be excused from school by parents; will be able to make up missed work without penalty

Most Read