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

Just Posted

Hope man receives letter of apology after being escorted out of Chilliwack library

Mike Wilson fears the same treatment he received Nov. 2 by security guards will happen to others

Chilliwack school kids draw ‘don’t drink and drive’ messages on liquor store bags

Children from six elementary schools decorate bags as part of promotion created by local Mountie

New exercise class in Hope fills a need for those who can’t attend other seniors fitness classes

Get Up & Go is gentle exercise with a goal of increasing quality of life and social connections

PHOTOS: Christmas comes early for Hope shoppers

Local merchants kept shops open late for Dec. 8 Ho Ho Hope Christmas Fest

Strong winds to hit B.C.’s south coast

Western regions may see winds of up to 80 km/hr

Story of the Year: Deadly Humboldt Broncos bus crash

The Canadian Press annual survey of newsrooms across the country saw 53 out of 129 editors cast their votes for the Humboldt Broncos bus crash.

Privacy watchdog says legal cannabis buyers should use cash, not credit

Some countries could bar entry to individuals if they know they have purchased cannabis

Emergency task force calls for safe supply of drugs in Vancouver to prevent ODs

Dr. Patricia Daly says more people are dying alone in the city than elsewhere in the province

‘A start:’ Alberta critical of Ottawa’s $1.6B package for ailing energy sector

A further $150 million is to be used for clean growth and infrastructure projects

New B.C. Lions coach DeVone Claybrooks adds eight to coaching staff

DeVone Claybrooks has filled out his staff for the 2019 season

Two-year-old attacked by cougar near Mission, B.C.

Boy not seriously injured in incident on Monday afternoon

Road to the World Juniors leads through B.C.

Finland plays Denmark on Wednesday, United States takes on Czech Republic on Saturday

Trump signs order to create US Space Command

President Donald Trump signs an executive order to create a U.S. Space Command.

Groups preparing new pipeline legal challenge, argue government’s mind made up

A Vancouver-based environment charity is readying itself to go back to court if the federal government reapproves the Trans Mountain pipeline expansion.

Most Read