What was this engagement about? In September 2018, the Attorney General engaged Dr. Peter German to follow up his review of money laundering in B.C. casinos by investigating whether other sectors of B.C.’s economy are vulnerable to these activities. Dr. German conducted his review according to the terms of reference laid out by the Attorney General.
Money Laundering at British Columbia Land-Based Casinos.
A. Weaver: Last week’s explosive investigative report on CTV’s W5 alleged that the B.C. Lottery Corp. displayed wilful blindness to money laundering in B.C. casinos. Since the early 2000s, multiple whistle-blowing attempts were allegedly ignored. From 2008 up until last year, these warnings were coming with increasing frequency, yet they were still ignored.Download Prevention of money laundering and combating the financing of terrorism guidance for remote and non-remote casinos in full. Principles to be followed. All casinos (both premises based and remote) must have appropriate systems and processes to prevent money laundering and terrorist financing. To achieve this, as an operator, you should.The British Columbia government has been accused of hiding a money laundering report that implicates a BC casino. On Friday, the British Columbia General, David Eby released a report written in 2016 that contains allegations of money laundering at the River Rock Casino Resort in Richmond, Vancouver.
The public inquiry into money laundering enters its second phase and over the following almost four weeks more revelations are expected to be heard by the commission members. This week is a special one, as British Columbia is ready to hear more about money laundering and the various criminal practices that have taken place in the past.In the process of laundering money at a casino, individuals bring cash, gained through illegal activities, to the casino. They play a few quick games and then claim the balance as winnings. Reports of current money laundering aren’t the first time that BC casinos have faced this challenge.
