VANCOUVER – Plans by the British Columbia government to confiscate suspected proceeds of crime with “unexplained wealth orders” are drawing praise from an expert in financial compliance as a way to make life harder from criminals.
Alexandra Wrage, CEO of Trace International, a global business association focused on commercial transparency and good governance, said unexplained wealth orders would help to redress and deter financial crime in the province, including money laundering.
I see a well intended idea abused by corrupt law enforcement. Asset seizures in the US have been nothing less than state sanctioned theft.
