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

West Shore Rotary Club raises $20,000 with Golf Ball Drop fundraiser

Nearly 4,000 golf balls poured onto Olympic View golf course Saturday

Construction slows weekend traffic at Millstream overpass

West Shore RCMP recommend Leigh Road exit instead

TRAFFIC: Saanich emergency crews responding to Pat Bay Highway collision

Incident took place at Haliburton Road intersection

Saanich race car driver shifts gears as pandemic cuts U.S. season short

Bill Okell, 65, sets sights on Canadian racing circuit for 2020

Work on Sidney’s Reay Creek Dam won’t wrap until 2021

Municipality expects the pond to be ‘partially drained’ again in 2021

B.C. records 98 more COVID-19 cases, most in Lower Mainland

One new senior home outbreak, Surrey Memorial outbreak over

POLL: Do you agree with the decision to call a provincial election for Oct. 24?

British Columbians will put their social distancing skills to the test when… Continue reading

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

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Vancouver Island Tour de Rock riders roll into Parksville Qualicum Beach

Saturday’s schedule includes Port Alberni, Ucluelet and Tofino, followed by Nanaimo on Sunday

97 distressed horses, cats and dogs seized from farm in Princeton

RCMP assisted as BC SPCA executed search warrant

$250K reward offered as investigation continues into Sea to Sky Gondola vandalism

Police also asking for specific footage of Sea to Sky highway around time of incident

Most Read