B.C. casinos are required to label and report cheques issued to customers who bring in cash and redeem chips.

B.C. casinos track cheques traded for cash

Man arrested at Chilliwack had thousands in cash and casino cheques, civil forfeiture office going to court to confiscate it

Rules are in place to prevent money laundering in B.C. casinos, an industry spokesman says after details of an effort to conceal more than $2 million came to light.

Ernest Yee, executive director of the B.C. Gaming Industry Association, said casinos are required to label all cheques issued to customers. If they buy chips with cash and then return most of the chips for a cheque, the cheque is branded “return of funds – not game winnings.”

The attempted transaction and the identity of the person are to be reported to the federal Financial Transactions and Reports Analysis Centre (FINTRAC).

“The cheque branding makes it clear that the funds were not derived from casino winnings and creates an audit trail for law enforcement when the cheque passes through the banking system,” Yee said.

Yee was responding to a call for stricter casino regulations this week from NDP leader John Horgan.

Horgan referred to a case stemming from a traffic stop by RCMP at a Chilliwack casino in October 2015. According to court documents, the driver was found leaving his car in a parking spot reserved for disabled people. Inside the car were $12,000 cash and $29,000 worth of cheques issued by Lake City Casino, which has locations in Vernon, Kelowna and Penticton.

A second search of the same man’s car in December turned up $25,405 in cash, along with pills and crack cocaine.

B.C.’s Civil Forfeiture office has applied to court to seize the money and the 2014 Camaro the man was driving as proceeds of crime. The suit alleges the man has laundered more than $2 million in drug dealing profits through casinos in B.C. from November 204 to October 2015.


Just Posted

Editor’s view: A Hopeful start to the community’s first 10 km run

Good mix of pomp and circumstance, variable terrain and silliness at Sunday’s run

Lower Mainland could see spring flurries

Snow expected at higher elevations

Auditors couldn’t tell if Fraser Health executives bought booze on taxpayers’ dime

Review from 2014 says one administrator bought Bose headphones on company credit card

Experts detect risk of rock avalanche above Bridal Falls near Chilliwack

Risk in the one-in-10,000-year is minimal but triggers FVRD to direct growth elsewhere

VIDEO: Olympic medalist teaches swimming in Hope

Brent Hayden fondly remembers local swim meet from his youth

Vancouver Aquarium’s resident octopus released into ocean

Staff let the Giant Pacific octopus go into the waters near Bowen Island so she can reproduce

Russian Embassy calls Trudeau’s criticism of Putin unproductive

The Russian Embassy is firing back at Trudeau for criticizing President Vladimir Putin

Murder charge upgraded for man accused in Toronto gay village death

Man accused the death of a woman in the Toronto gay village had charge upgraded after new evidence

Former NHL player Theo Fleury visits B.C. First Nations community

Abuse survivor Theo Fleury has been working with communities focusing on healing since 2009 and visited Esketemc First Nation in the Cariboo this week.

A B.C. council takes action in wake of former municipal politician’s sentencing

Dave Murray was sentenced to nine months for a sexual assault that occurred 26 years ago.

Harsher fines, new off-road vehicle rules in effect to combat B.C. wildfires

Anyone who starts a wildfire could be ordered to pay up to $1,000,000

Muddy water found in taps at B.C. hospital prompts investigation

Northern Health to hire consultant to examine three facilities for potential contamination

Lower Mainland based rabbit rescue pleads for foster homes

The Langley-centred Small Animal Rescue Society needs foster families to take new bunnies.

RCMP officer charged after pedestrian struck at crosswalk

A man suffered a broken leg and head lacerations after being struck by the police vehicle in 2017

Most Read