A national public inquiry into money laundering is a good thing no matter which party wins the federal election, says British Columbia’s attorney general. British Columbia Attorney General David Eby looks on during a news conference in Vancouver, Friday, May 24, 2019. THE CANADIAN PRESS/Darryl Dyck

B.C. makes regulatory change in battle against money laundering

Attorney General David Eby says the change addresses concerns raised by former RCMP officer Peter German

The B.C. government is giving the province’s gambling regulator greater independence to set and enforce regulatory policy in the fight against money laundering.

The government says it is transitioning the gaming control and enforcement branch to a new independent gambling control office, which will focus exclusively on regulatory policy related to gambling, horse racing and responsible-gambling programs.

Until this change, the branch has set and enforced policy while also providing advice to the province on business matters involving the B.C. Lottery Corp.

Attorney General David Eby says the change addresses concerns raised by former RCMP officer Peter German in a report done for the provincial government.

ALSO READ: Large cash purchases, ‘lifestyle audits’ to fight money laundering gain support in B.C.

He warned that dual responsibility could create conflicts of interest and impede anti-money laundering measures.

Eby says he expects the change to be effective.

“The IGCO will have the mandate, authority and independence to ensure the overall integrity of gambling in B.C.,” he said in a statement on Wednesday.

“This change will make it far easier to keep dirty money out of our province.”

The Canadian Press

Like us on Facebook and follow us on Twitter.

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

Just Posted

Spring shift in service includes no weekend late night bus services in Greater Victoria

Annual shift into spring sees additional decrease in frequency on multiple routes

Sex workers face new risks during COVID-19 pandemic

‘Desperation has kicked in’ for vulnerable, undocumented workers unable to access help

UVic Vikes new basketball coach on the fast track

At 26, Shalie Dheensaw assumed head coaching role

No more ferries will sail from Departure Bay, Mill Bay, Brentwood Bay during COVID-19 pandemic

B.C. Ferries announces major changes to sailing schedules for 60 days starting Saturday, April 4

Greater Victoria liquor stores see spike in sales amidst COVID-19

Customers are buying go-to products in larger quantities

VIDEO: ‘Used gloves and masks go in the garbage,’ says irked B.C. mayor

Health officials have said single-use gloves won’t do much to curb the spread of COVID-19

Unclear if Cowichan couple refusing to self-isolate will face penalty

No fines or charges have been laid to date, including Cowichan couple who won’t self isolate

POLL: Will you be able to make your rent or mortgage payment this month?

With the COVID-19 delivering a devastating blow to the global economy, and… Continue reading

COVID-19: Postponed surgeries will be done, B.C. health minister says

Contract with private surgical clinic to help clear backlog

Black Press Media ad sparks discussion about value of community newspapers

White Rock resident hopes front-page note shines light on revenue loss during COVID-19 crisis

Nanaimo man arrested after allegedly setting house fire

Firefighters arrived to find mobile home ablaze on Barnes Road in Cedar on Thursday

Businesses advised to prepare for federal, B.C. COVID-19 assistance

Canada Revenue Agency portal expected to open next week

Dogs are property, not kids, B.C. judge tells former couple

Court decision made on competing lawsuits over Zeus and Aurora — a pit bull and pit bull cross

B.C. senior gives blood for 200th time, has ‘saved’ 600 lives

There was no cutting of cake for Harvey Rempel but he’s challenging youth to start donating blood

Most Read