A former manager and executive from Great Canadian Gaming took the stand at the Cullen Commission into money laundering at B.C. casinos. John Hua reports – Jan 25, 2021 John Hua reports – Jan ... Wednesday was Day 2 of examination for Great Canadian Gaming's acting CEO Terrance Doyle at the Cullen Commission, looking into B.C. casinos money laundering concerns. From BC Govenment “Money laundering isn’t a victimless crime,” said Attorney General David Eby on Wednesday. “It’s linked to the opioid crisis, and deaths on our streets.” The announcement came after an independent report from Peter German, a former Canadian Mounted Police Commissioner, showed the extent to which casinos are being used to launder drug money. At a news conference on ... The last months of 2018 saw the unfortunate halt of the famous Royal Canadian Mounted Police E-Pirate probe that looked into alleged money laundering practices and businesses facilitating the act of washing dirty cash. B.C. Casino Loan Shark Faces Yet Another Money Laundering Lawsuit ; Casino locations in the Richmond area have allegedly been linked to the money laundering scheme that had been ... Earlier this year, Eby’s office tasked a former police officer and money laundering expert with delving into the model. Peter German’s first report, made public in June, outlined how the ... Money laundering has been a topic of wide discussion across the Canadian provinces but work on the subject has to happen in a simultaneous manner. While British Columbia works on its draconian measures battling the illegal practice, Ontario might have attracted the criminals laundering dirty cash. Suspicious cash transactions in Ontario casinos increased by 50 percent in 2018. Canada's Quebec to investigate casinos for possible money laundering Back to video The audit follows local news reports that the state-owned Casino de Montreal “rolled out the red carpet” for organized crime leaders before the pandemic, offering them free hotel rooms, meals and show tickets. Less than a year later, on August 8th, 2017, shares of Great Canadian Gaming shot up 14.6 per cent, to $29.13, when word broke that the company would be Ontario's next casino business partner. Finance Minister Charles Sousa, the politician in charge of the gambling file at Queen's Park, insists it is too soon to talk about the idea of stepping away from Ontario's deal with Great Canadian. Casinos, like all other businesses that attract large amounts of money such as banks, credit unions, real estate brokers, securities dealers and brokers, currency exchanges and the like, are committed to working together with law enforcement agencies to combat money laundering. FINTRAC, Canada’s Financial Intelligence Unit, offers a list of money laundering (ML) and terrorist financing (TF) indicators to help all casinos detect potential money laundering and comply with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and associated Regulations. While issued by the Canadian regulator, these indicators are useful for any casino operating in any jurisdiction. Here is a subset of some of those indicators.
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