Combatting Money Laundering in BC Real Estate
June 2, 2022, 12:00 - 1:00 PM
In 2018 the Government of British Columbia announced the creation of two review processes to address money laundering BC Real Estate. One of the mandates of this panel was to advise the Minister of Finance on how regulation related primarily to the corporate and financial sectors can used to combat money laundering and market abuse related to the real estate market. Specifically, the Panel was expected to review BC’s financial regulatory system, examine international anti-money laundering best practices and make recommendations to improve the BC financial regulatory framework and integrate BC’s regime into core federal anti-money laundering legislation and practice.
Tsur Somerville is an Associate Professor in Strategy and Business Economics at the Sauder School of Business at UBC. Tsur has been with UBC since 1994 and hold his PHd in Economics from Harvard University and his B.A. in Economics and Chinese from the Hebrew University, Jerusalem, Israel.
Tsur’s teaching interests are in real estate development, housing markets, real estate sustainability, real estate investment and real estate debt securitization.
He is the academic advisor for the NAIOP Northwest Real Estate Challenge and the Cornell International Real Estate Case competition.
He began partnerships with CoStar Canada to provide students with access to their database on commercial properties and with Urban Analytics to provide students with access to their data base on residential developments in Vancouver.
Registration closes June 1st at 4:00 p.m.
REIBC acknowledges the support of the Real Estate Foundation of British Columbia