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A major report on money laundering in the British Columbia real estate industry suggests about a quarter of Canada’s money laundering takes place in Alberta.

According to estimates in the report, assembled by an expert panel tasked by the B.C. government with studying the impacts of money laundering, about $10 billion was laundered in Alberta in 2015 — roughly a quarter of the $41 billion laundered in all of Canada that year.

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One expert cautioned that the estimates should be taken with a grain of salt.

Christine Duhaime, a Vancouver-based financial crime lawyer, was among those surprised by the report’s provincial estimates.

“B.C. clearly has B.C.-specific issues of vast amounts of money laundering in different sectors … that I don’t think we hear that Alberta has,” she said.

The report, titled Combatting Money Laundering in B.C. Real Estate, found that the practice contributes to organized crime, inflated prices in B.C.’s housing market and the drug trade — indirectly contributing to the opioid crisis.