David Eby. (Tom Fletcher/Black Press)

B.C. casinos must declare cash deposits in new rules over money laundering

David Eby said the policy changes are the first interim recommendations from an upcoming independent review

More inspectors will be placed at British Columbia’s high volume casinos under changes announced by the provincial government aimed at preventing money laundering, Attorney General David Eby said Tuesday.

Eby said he also directed the B.C. Lottery Corp. and the government’s gaming policy branch to set up rules on cash deposits of $10,000 or more in addition to the appointment of round-the-clock regulators at large facilities.

“This presence will allow for an increased vigilance required in casinos,” said Eby in a statement. “In particular, it will assist with issues surrounding source of funds, third-party cash drops, and other operational support for gaming service providers and B.C. Lottery Corp.”

Eby’s statement said the policy changes are the first interim recommendations from an upcoming independent review of money laundering policies and practices in the provincial gambling industry.

“Our government has made clear the urgency around addressing issues of money-laundering at B.C. casinos, and we will ensure these first two recommendations are not only implemented as soon as possible, but enforced on the ground,” he said.

Peter German was appointed in September to deliver a report to the government by March 31, but the former RCMP deputy commissioner was given the authority to provide interim recommendations to tackle any suspicious activities.

Eby launched the review after reading a report commissioned by the province’s previous Liberal government that said the River Rock Casino in Richmond had accepted $13.5 million in $20 bills within one month, which police said could be proceeds of crime.

The Great Canadian Gaming Corp., which runs River Rock, has said compliance procedures are strictly followed and the company is committed to preventing illegal activities at all its locations.

Eby said gaming facilities must now be able to identify customers playing with cash or bonds of $10,000 or more and have the customer provide the source of the money.

The government gave the lottery corporation more authority to monitor the gaming industry last month with new service agreements aimed at strengthening security and compliance.

The B.C. Lottery Corp., issued a statement Tuesday welcoming German’s ongoing review and accepting the two interim recommendations.

“BCLC is actively engaged in the prevention and detection of money laundering, and will do whatever we can to protect our business and our players,” said media spokeswoman Lara Gerrits.

The Canadian Press

Just Posted

Team BC’s having fun, ‘feeling good’ about back-to-back victories

A junior curling team, based out of Langley, has yet to lose a game in the national championships.

Dr. Lipjob avoids jail, gets 30-day suspended sentence

She will have to serve the 30 days in prison if she commits a breach during her two-year’s probation

Surrey farmers taking stock of revamped Canada Food Guide

Products that were once big at the table — like meat and dairy — have been put on the back-burner

VIDEO: ‘The dog picks the job’: Meet the newest member of the Surrey RCMP

Cambria, a labrador-golden retriever mix, is the first victim services dog at the detachment

Cloverdale’s Dan Gibbons remembered for his devotion, humour

Longtime local served with RCMP for more than 35 years

Canada’s archive buys rare book that hints at Nazi plans for North America

The 1944 book may have served as a blueprint for a Nazi purge

Teravainen’s 3 points lift Hurricanes to 5-2 win over Canucks

Vancouver heads into all-star break on losing note

B.C. hospital apologizes for veteran’s five-day hallway stay

Clinical director of Victoria General Hospital says case of retired veteran ‘definitely excessive’

Speaker Darryl Plecas says ‘justice’ needed for legislature employees

Plecas spoke to media at the opening of a pedestrian and cycling bridge in Abbotsford Wednesday

Advocate hopes B.C. legislature scandal leads to more transparency

‘Depressing’ that it takes a scandal to inspire freedom of information reform, says Sara Neuert

Ex-Mountie involved in Taser death at Vancouver airport sues government

Kwesi Millington claims he acted in accordance with RCMP training

47 men arrested by Vancouver police for allegedly seeking sex with teenage girls

Seven of those arrested have been charged as part of a two-month operation

Richmond businesses struggle to hire and keep staff because of high cost of housing

Chamber of commerce calls for diverse housing options, redevelopment of George Massey corridor

LETTER: Seniors home care, day programs expanding, Adrian Dix says

B.C. health minister responds to latest Seniors Advocate report

Most Read

l -->