B.C. is investigating possible money laundering in Lower Mainland casinos. (Black Press files)

Cash rules tightened for B.C. casinos

Gamblers must report source for buy-ins of $10,000 and up

New rules are in effect for B.C. casinos to keep track of high rollers.

Effective Wednesday, all cash, bank drafts and certified cheque buy-ins worth $10,000 or more have to be accompanied by a receipt showing the financial institution, branch number and account number the money came from. B.C. Lottery Corporation says the rule also applies to a series of transactions by any player totalling more than $10,000 over a 24-hour period.

An investigation is triggered if the player won’t provide the information or gives information that is “clearly suspicious,” BCLC said in a statement.

The new rule is in addition to the detailed identification casino staff collect on customers spending more than $10,000. It is one of the interim recommendations provided by Peter German, an expert on money laundering hired last year by B.C. Attorney General David Eby to review the security at B.C. casinos. An earlier review discovered several suspicious transactions, including $13.5 million in $20 bills accepted at the River Rock Casino in Richmond in 2015.

German, a lawyer and former deputy commissioner of the RCMP, is expected to submit his final report this spring.

Just Posted

Fatal motor vehicle incident on Mount Washington Monday night

North Island Traffic Division called to the incident which took the life of a male driver in his 30s

Comox Valley Water Treatment Project passes alternative approval process

Less than 0.1 per cent of eligible voters filed dissenting forms

Vinge tops locals at Comox Valley RV Half Marathon

370 runners completed the sixth event in the Vancouver Island Race Series

Aspen Park students get into the Spirit (Day)

Friday fundraiser supported upcoming Camp Homewood excursion

Royston Elementary School hosts first ever science expo

“We have lots of hands-on science experiments that the students are doing,” says school principal

Well-known former B.C. radio personality and politician Barrie Clark dies

Clark remembered as a fair-minded ‘statesman,’ who always saw the big picture

Comox United Church presents NFB film Birth of a Family

Comox United Church will present the NFB film Birth of a Family… Continue reading

Police officers injured in Trans Mountain pipeline arrests: RCMP

One suffered a head injury after being kicked, another hurt a knee, and a third hurt a hand

Horgan promises new school funding formula in B.C.

Premier addresses B.C. Teachers Federation AGM ahead of contract negotiations starting next year

Reader Photos: First day of spring around British Columbia

Our loyal viewers sent us some of their favourite Spring photos from all corners of the province

Human remains found in Campbell River in February under investigation as a homicide

In mid-February, RCMP announced that human remains had been located in a… Continue reading

Five Canadian kids charged with making school threats

Police say online threats are on the rise

Not even Ellen DeGeneres can get Virtue, Moir to say they’re more than friends

Tessa Virtue, Scott Moir appeared on “The Ellen DeGeneres Show” Tuesday

Most Read