Following an internal memo that shed light on how much money is passing through the province’s casinos, B.C.’s attorney general affirms the investigation into money laundering is ongoing.
This is after the internal memo showed some of the highest rollers at the River Rock Casino in 2015 listed their occupation as “housewife” or “student.”
But Eby said casinos who receive gamblers with bags of cash now have to verify the cash comes from a legitimate source before accepting the transaction.
“The other is that the regulator of casinos needs to be available 24/7 in the Lower Mainland which also makes sense that the regulator shouldn’t be a Monday to Friday nine to five job in the most high-risk,” said Eby.
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The independent review is being led by lawyer and money laundering expert Peter German. It came after Eby released a report that raised questions about the issue of money laundering in B.C. casinos.
“These seem like really common sense things that should have been done a long time ago,” said Eby.
He said even though the government is aware that implementing changes could affect gambling revenues, it will eventually benefit the province as it will make it more difficult for organized crime and gangs.
Eby said he’s been told that hundreds of millions of dollars have passed through B.C. casinos.
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“When I look at what’s happening in other jurisdictions that have gaming industries and the rules and regulation enforcement they have, it is profoundly different and profoundly more effective than what we have here.”
The full review is expected to be completed by the end of March.