Peter German reacts to B C money laundering report - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
“The evidence will be of a highly sensitive nature and it is expected that it will describe typologies and methods of money laundering – including new and cutting-edge techniques – in some detail,” the commission stated Friday. Senior Commission Counsel Brock Martland said the inquiry should strive to keep all hearings and evidence before it public, however the information provided by the banks is too sensitive. “We expect that these experienced people will provide information on what they are seeing in the real world in the context of money laundering efforts, and they will describe what banks are doing in response,” Martland stated. “As I am sure people can understand, there could be a serious negative impact – not just for the banks but also for public interest – to have people learn the specialized knowledge of what money launderers are doing and how banks are addressing the issue.