Article: B.C. Attorney General David Eby to testify at money laundering inquiry

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B.C. Attorney General David Eby to testify at money laundering inquiry

Canadian Press, 26 April 2021

VANCOUVER — The politician who set the wheels in motion for the money laundering inquiry in British Columbia will testify before the commission today.

David Eby has been called before the Cohen Commission to testify both as the current attorney general and for his role as the former Opposition critic for gaming in the province. Continue reading “Article: B.C. Attorney General David Eby to testify at money laundering inquiry”

Article: Former B.C. premier Christy Clark to face questions from money laundering inquiry

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Former B.C. premier Christy Clark to face questions from money laundering inquiry

CBC News, 20 April 2021

Former Premier Christy Clark will testify Tuesday at the official inquiry investigating the scope and impact of money laundering in B.C., answering questions as to how much her cabinet knew about the crisis that grew during its tenure.

Clark, who was premier from 2011 to 2017, is the first of several present and past politicians to appear this month before the Cullen Commission, which is investigating the causes and impact of B.C.’s money laundering problem over the past decade. Continue reading “Article: Former B.C. premier Christy Clark to face questions from money laundering inquiry”

Article: Arrested RBS forex trader named as Paul Nash: sources

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Arrested RBS forex trader named as Paul Nash: sources

Jamie McGeever, Kirstin Ridley, 08 January 2015

LONDON (Reuters) – Royal Bank of Scotland currency trader Paul Nash has become the first individual arrested in connection with a global inquiry into alleged manipulation in the foreign exchange market, sources familiar with the matter said on Thursday.

Nash, who was suspended by RBS in 2013, was named by the sources as the man arrested in Billericay, southeast England, on Dec. 19. One of the sources said his arrest came only days before he emigrated to Canada.

Nash emigrated to Canada on Christmas Day and has rented out his family home, the source said. His arrest was not by appointment, as is typical in such cases, but was an “arrest and raid”, the source added.

Nash, who has not been charged with any offense, appeared at Westminster Magistrates’ Court on Dec. 23 over variations to his bail conditions, a court official confirmed. These included that he would reside at a specified address in British Columbia.

Britain’s Serious Fraud Office (SFO) said only that a 48-year-old man had appeared at the London court on Dec. 23 in connection with a global investigation into allegations of manipulation in the $5.3 trillion-a-day forex market.

The increasingly aggressive agency, which is preparing for the trials this year of individuals alleged to have manipulated global benchmark interest rates, said last July that it might file the first charges in the high-profile inquiry this year.

About 30 forex traders have been put on leave, suspended or fired as prosecutors and regulators continue to examine allegations of wrongdoing in the world’s largest market.

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