A man earning just $40,000 a year with connections to several CCP-linked offshore accounts purchased more than $32 million in Vancouver real estate, a case study for the Commission of Inquiry into Money Laundering in British Columbia revealed.

According to Business in Vancouver, the man transferred $114 million from a Hong Kong-based depositor with connections "to organized crime and the Chinese Communist Party," with the case itself being a prime example of several aspects of money laundering that has taken place in Vancouver.

The case study shows that the man utilized his family to move funds from depositors into luxury Vancouver homes, as well as a shell company in the Bahamas.

The case study shows that the man entered Canada with declared family assets of $1.25 million, and was nearly deported under the Immigration and Refugee Protection Act in 2015, after being flagged by the national finance intelligence agency of Canada, with the man also being wanted for bribery. That file has since been sealed, the commission states.

The unnamed man and his wife bought their first Vancouver home for $3 million. His child then bought a home for $14 million in 2012. The man would buy a second home in 2016 for at least $15 million, and the child would also buy homes in 2016 in the $1 million to $2 million range.

In 2018 alone, a report found that $5.3 billion was laundered into BC real estate.