CBC: How Institutional Infighting Allowed Money Laundering to Flourish at B.C. Casinos

Submitted by Guest on

Written by :

Guest

Published on :

CBC: How Institutional Infighting Allowed Money Laundering to Flourish at B.C. Casinos

British Columbia AG David Eby Claims officials turned a 'blind eye' to money laundering for years 'despite mounting evidence'.  Much of that money laundering occurred in casinos.

“Vancouver is a hub for Chinese-based organized crime,” the report, titled Dirty Money, claims.

“A complex network of criminal alliances has coalesced with underground banks at its centre. Money is laundered from Vancouver into and out of China and to other locations, including Mexico and Colombia,” the report’s author, Peter German found.

But the institutional players were often too busy fighting each other to properly focus on a common enemy, writes Jason Proctor of CBC News.

Which, as German points out in one notable 2016 case, left the "frustrated" head of compliance for Richmond's River Rock casino to issue a directive, himself, telling employees to stop accepting huge amounts of unsourced cash.

Liberal gaming minister Rich Coleman in 2011 had rejected Insp. Barry Baxter contention that video evidence showed  stacks of $20 dollar bills being delivered to casino cash cages and large gambling buy-ins from women describing themselves as “house wives”.

The officer was cautioned by the RCMP and "his remarks would be the last public comment by an RCMP officer on any matter related to B.C. casinos for a number of years."

On Twitter, the matter definitely became politically toxic.

New Democratic Caucus tweeted:

The totality of German's report served to shred whatever credibility the Liberals had remaining on the issues of gambling and organized crime.

They added:

Eby added salt to the wound by pointing out that much of those criminal proceeds went into the real estate sector, driving up the prices of homes and contributing to the affordability crisis, as well as the opioid overdose epidemic.

The Lottery corporation also appeared to turn a blind eye, according to Proctor:

German's report says the executive director "all but stopped dealing" with BCLC in the year that followed as the lottery corporation argued "the bundling of small denomination bills was not necessarily an indicator that money was the proceeds of crime, as there could be other explanations."

- Gilbert Horowitz, Gambling911.com

Related Content

slot machines in a row

From Point-and-Click to Spin-and-Win: How Storytelling Found Its Way Into Online Slots

If you play point-and-click games, you probably know the routine. You enter a room and start testing everything: the painting, the drawer, the scrap of paper on the desk. Most of it may lead nowhere, but you click anyway. 
Breeze Airways Adds New Flight Between Tampa and Las Vegas Beginning in January

Breeze Airways Adds New Flight Between Tampa and Las Vegas Beginning in January

Breeze Airways on Sunday announced new 1x daily service between Tampa International Airport (TPA) and Las Vegas Harry Reid International Airport (LAS) on January 5th.
10 Ways to Get Free Spins and Free Bonus No Deposit in South African Casinos

10 Ways to Get Free Spins and Free Bonus No Deposit in South African Casinos

We’re unveiling a new challenge this season by racking up as many free spins and free bonus no deposit offers in South African casinos. Our goal is to help you access the best offers for real cash wins with minimal spending from your pocket. Read on and find out how to maximize free spins and free bonuses while earning real rands.

slot machines

IGT Slots Have Paid Out $17 Million in Last Month Including Atlantic City, Laughlin, Ontario and Even Las Vegas Airport

Wheel of Fortune Slots have minted over 1,200 millionaires and awarded over $3.6 billion in jackpots since their launch in 1996.