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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Comox Valley Ringette Association requests equal ice time

The Comox Valley Ringette Association has appealed to the regional district for… Continue reading

Vancouver Island under a thunderstorm watch tonight

Environment Canada forecasts downpour and possible thunder and lightning

Vancouver Island NDP MP responds to Liberal’s throne speech

’Feds say nice things but when it comes to taking action it’s a different story’ says North Island- Powell River MP, Rachel Blaney

Suspicious van report leads police to issue important reminders

Police received a report about a suspicious white van driving slowly around Comox.

Sheila McDonnell elected chair of Comox Valley Schools board

Sheila McDonnell was elected chair of the Comox Valley Schools board of… Continue reading

B.C. reports 91 new cases as officials remain worried over ‘clusters of COVID-19

There have now been a total of 8,395 cases in B.C. since the pandemic began

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Canada’s active COVID-19 cases top 10,000 as daily new cases triple over the past month

Dr. Tam repeated her warning to young people, who have made up the majority of recent cases

First 8 months of fatal overdoses in B.C. have now exceeded 2019 death toll

Nine people died every two days in August, BC Coroners Service data shows

Liberal effort to reset policy agenda panned by rivals as too much talk, not action

Trudeau said it’s ‘all too likely’ families won’t be able to gather for Thanksgiving next month

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

‘Show us the money’ for cannabis, local governments tell B.C.

Municipal tax, transit revenues falling as costs rise

Courtenay doctor completes virtual Boston Marathon

Janet Green has run another Boston Marathon — a virtual one —… Continue reading

Cops for Cancer: COVID-19 can’t stop Tour de Rock

‘having the chance to come back and ride this year means everything to me’

Most Read