B.C. is investigating possible money laundering in Lower Mainland casinos. (Black Press files)

B.C. criminal casino cash-outs fail to turn up in independent audit

Cheques show ‘no systemic pattern’ of money laundering at River Rock Casino

An audit of high-rolling gambler payouts at B.C.’s largest casino has found errors in payouts, but not the “wild west” of money laundering that has been a popular narrative with B.C. Attorney General David Eby and some Vancouver media.

The B.C. Lottery Corp. hired Ernst & Young Canada to audit three years of transactions at the River Rock Casino, for 2014, 2015 and 2016.

“BCLC commissioned the independent analysis following allegations in the media that patrons were coming into the River Rock Casino with ‘dirty money,’ buying casino chips, playing notionally, then cashing the chips in and receiving a cheque in return,” the provincially owned corporation said in a statement with the audit release.

“Based on EY’s analysis, BCLC is satisfied that there was no systemic pattern of money laundering activity related to cheques being issued by River Rock Casino during the three-year period of 2014 to 2016.”

READ MORE: RCMP says it is stretched thin on B.C. money laundering

READ MORE: BCGEU joins call for inquiry into B.C. money laundering

The audit reviewed more than 2,000 cheques issued for amounts of $10,000 or more. They found one where a River Rock employee issued a cheque marked “return of gaming funds” where no game play had been recorded.

A total of 49 were found not to follow BCLC’s anti-money laundering rules, mostly errors where cheques were marked “verified win” when the amount included part of the player’s original buy-in. The rules are tied in with strict reporting laws with the federal Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

Frequently citing media reports, Eby has suggested FINTRAC is collecting reports of suspicious transactions but not acting on them. He hired former RCMP investigator Peter German to investigate, and has begun doling out his findings in stages, accusing the B.C. Liberals of allowing money laundering to proliferate and even assisting it by increasing betting limits.

This week’s highlight was a report that most of RCMP’s dedicated money laundering investigation positions are vacant. The RCMP responded that it has many competing priorities, including terrorism, missing and murdered women and an epidemic of overdose deaths from smuggled opioids, with forensic accountants and other financial specialists in great demand around the world.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Quesnel RCMP welcomes new officer

Reserve Constable Cam Percy will begin working part-time in the fall

Molly’s Comedy Cabaret kicks off busy long weekend at Sunset Theatre in Wells

Theatre also showing The Fred Wells Show and premiere of One Man Avengers

Eco-Sprouts launches with fish release

A half dozen kids released Chinook Salmon into the Fraser River on June 19

High-speed Internet access coming to Bouchie Lake, Ten Mile Lake and rural Quesnel

ABC Communications Ltd. receiving $298,406 from the Province to help fund upgrades in 12 communities

Column: this and that for seniors

Columnist Ginnie Dunn Webb writes about the Wordspinners’ latest project

VIDEO: Killer whale steals fisherman’s catch off North Coast

Fishing duel results in eager orca snagging salmon in Prince Rupert

Fate of accused in Canadian couple’s 1987 killings in jury’s hands

William Talbott’s lawyer says DNA doesn’t prove murder

Child killed after being hit in driveway on Vancouver Island

The driver of the vehicle remained at the crash scene and is fully cooperating

Eating sandwiches, putting on makeup behind the wheel could land you a fine

RCMP say if you cause an accident while eating you could be penalized

Cat badly hurt in animal trap was likely stuck for days, B.C. owner says

Blu, a three-year-old house cat, suffered severe damage to his hind leg after being stuck in trap for days

40 cats surrendered in apparent hoarding at B.C. home

Officers found the cats living among piles of garbage and feces, suffering from fleas

Vancouver Aquarium drops cetacean ban lawsuit in new lease agreement

Ocean Wise CEO Lasse Gustavsson called the updated lease an exciting new chapter for the aquarium

Thieves steal two $40K chairs featuring gold serpents from B.C. furniture store

Chairs believed to be the only two of its kind in Canada, police said

Rising gas prices force B.C. residents to rethink summer road trips: poll

63 per cent of respondents reported gas prices are impacting their day-to-day finances

Most Read