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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Four staff members at the Okanagan Men’s Centre have tested positive for COVID-19 since Oct. 23, 2020. (Adult and Teen Challenge OMC photo)
Four positive COVID-19 cases at Okanagan Men’s Centre

Those affected are staff and have been in isolation since Oct. 23

Three Okanagan College Mechanical Engineering students manufactured 3D printed Trick-or-Treat Bowls to aid in a physically-distanced Halloween experience amid COVID-19. (3D Okanagan Facebook)
Trick-or-treating made safer thanks to Okanagan College students’ project

3D-printed Trick-or-Treat Bowls available for sale ahead of Halloween

RCMP are investigating a trailer fire off Firwood Road on the Westside, discovered Oct. 27. (Google maps image)
RCMP investigate Westside trailer fire

Burned trailer discovered by RCMP Oct. 27 near Fintry

A man was caught on surveillance taking a large outdoor heater from the patio at Intermezzo early morning Wednesday, Oct. 28. (Contributed)
WATCH: Heater theft leaves Vernon business cold

Patio heater stolen from Intermezzo, found trashed

The Kalamalka Lake water source was turned off due increased algae in Kalamalka Lake Sunday, Oct. 25, 2020. (Stock photo)
Vernon water source shut off due to algae increase

Regional district says the switch from Kal Lake to Duteau Creek water is out of abundance of caution

A woman wears a face mask and plastic gloves while browsing books as a sticker on the floor indicates a one-way direction of travel between shelves of books at the Vancouver Public Library’s central branch, after it and four other branches reopened with limited services, in Vancouver, on Tuesday, July 14, 2020. (THE CANADIAN PRESS/Darryl Dyck)
B.C. reports 234 new COVID cases, 1 death of senior who had attended small birthday party

Roughly 5,700 people are isolating due to being exposed to a confirmed case

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Vancouver Island-based Wilson’s Transportation has expanded to fill some of the routes left unserviced by Greyhound as of Nov. 1, 2018. (Black Press files)
B.C. bus companies say they need help to survive COVID-19

Like airlines, motor coaches have lost most of their revenue

Homes in Summerland have been among the households in Canada to participate in radon testing. (TakeActiononRadon.ca)
Testing finds 38 per cent of Summerland homes have unsafe radon levels

Okanagan community one of 15 involved in national testing program

RCMP. (Phil McLachlan - Capital News)
Kelowna has Canada’s fastest-growing crime rate, most opioid offences per-capita

Greater Kelowna’s violent crime rate skyrocketed nearly 60 per cent

Vince Schnabl looks at the view this October from the Gorge, west of Revelstoke. (Photo by Jon Wichett)
There’s 3 times more snow near Revelstoke than usual

According to 54 years of data from Parks Canada for Glacier National Park

A deer was spotted in October 2020 in Prince Rupert, B.C., with a bright pink yoga ball stuck in its antlers. (Kayla Vickers/Chronicles Of Hammy The Deer Official Page)
Hammy 2.0? Prince Rupert deer spotted with bright pink yoga ball stuck in antlers

The BC Conservation Officer Service is aware of the deer roaming around the city

Myra Canyon SCARE park is located in Kelowna, British Columbia. (Photo - Twila Amato)
VIDEO: Kelowna scare park cranks up the horror

Open Oct. 29 to Oct. 31 from 5:30 p.m. to 10 p.m.

Bear sightings have been reported in a residential area in Summerland in late October. The Conservation Officer Service is urging people to take measures so bears are not drawn to the area (Black Press file photo)
Bear sightings reported from Summerland neighbourhood

Conservation Officer Service urges people not to leave garbage outside

Most Read