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British Columbia attorney general tightens anti-money laundering regulatory screws
Anti-corruption conference in Vancouver, British Columbia Attorney General David Evey accused the government of breaking anti-money laundering laws, saying he was shocked by the first internal report of B.C.'s alleged money laundering activities and believes there is still a casino behind it.
In September this year, Attorney General David Evey released a River Rock Casino report that exposed the suspicious activities of River Rock Casino. Evey accused the previous government of covering up reports of money laundering activities at Richmond River Rock Casino Resort. The report found that large amounts of unaccounted for cash flowed through the River Rock casino.
As a result, the B.C. government has appointed an independent expert to review money laundering at B.C. casinos. Former Canadian Mounted Police Deputy Commissioner Peter German was tasked with submitting a full report on money laundering activities at Lower Mainland casinos. Mr German's final report .
David Evey, British Columbia Money Laundering Activity Details
Evie shed light on the money laundering case in Vancouver, but failed to provide details as a police investigation was underway, but said "the BC state's specific money laundering method involving B.C casinos is at least called the 'Vancouver Model' in the international community."
Ebc accused former B.C. Liberals of hiding report. The official pointed out that lax anti-money laundering (AML) regulations are the cause of the current situation. The B.C.'s attorney general pointed out that it was not easy for the former government to release the report while enjoying good financial benefits. The market value of the gambling industry in B.C. this year is estimated to be around $1.3 billion, and it has expressed concern that it will be lost even if the former government launder money.
Len Mayur, the gaming executive's compliance director, explains that more than C$100 million was laundered through BC casinos. Officials warned the government that the presence of organized criminals in casinos could irreversibly ruin the gambling industry in the region.
Sunday, September 3, 2023
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