Third party auditor to monitor B.C.’s 3 busiest casinos
Posted October 23, 2018 6:09 pm.
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LOWER MAINLAND (NEWS 1130) – The BC Lottery Corporation (BCLC) has hired a third-party auditor to monitor B.C.’s three busiest casinos. This follows a scathing report earlier this year that revealed dirty money was being laundered through some of B.C. casinos.
In a statement, the BCLC says the move will “…support their compliance with BCLC’s Source of Funds declaration requirements.”
As a result, there will be additional monitoring at the River Rock Casino Resort, the Grand Villa Casino and Parq Vancouver.
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“BCLC is taking action to ensure that its Casino Service Providers are completely and accurately recording information regarding the source of players’ funds as part of its commitment to the prevention of money-laundering activities in B.C. casinos,” read an email from BCLC sent to NEWS 1130.
It says the auditor will ensure gaming workers are collecting detailed information on the source of player funds for all transactions of $10,000 or more. The declaration of funds must include the financial institution, branch number and account number, as well as the customer’s signature.
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“BCLC is working with Government on implementing recommendations contained within Dr. Peter German’s report, and remains steadfast in its commitment to be a part of the solution,” BCLC said.
Back in June when German’s report was published Attorney General David Eby vowed to “get dirty money out of B.C. casinos.”
The review was ordered after it was known that gamblers were going into casinos with millions of dollars stuffed in bags.
One of the 48 recommendations included an independent regulator to oversee money laundering investigations and a designated policing unit for the gambling industry.
-With files from Marcella Bernardo
