Victoria City Council is looking for details from the B.C. Lottery Corporation and the B.C. Attorney General about how they will prevent money laundering in any future casinos.
In a report released in March 2018 by Peter German, a lawyer and RCMP veteran, casinos in the Lower Mainland were determined to have B次元官网网址渦nwittingly served as laundromats for the proceeds of organized crime.B次元官网网址�
German put forward 48 recommendations for the BCLC, the provincial and federal governments, and police to try to prevent further problems.
Victoria City Councillor Jeremy Loveday wants to know what government bodies have done with those recommendations since Victoria was selected by the BCLC in 2015 as a prime contender for a new casino.
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B次元官网网址淚B次元官网网址檝e been opposed to the city as a host site, but in the very least I think council needs this information before moving forward with a decision of whether we want a casino downtown,B次元官网网址� Loveday said. B次元官网网址淚n my mind itB次元官网网址檚 imperative that we have the facts and outcomes at hand before considering any applications for a new casino so we can make sure we can safeguard our communities.B次元官网网址�
The BCLC said in an email that the most recent changes to B.C. casinos began in January 2018, stemming from recommendations put forward by German in an interim report.
These included the need for all casinos to complete a source of funds declaration for all cash, bank drafts and certified cheque forms of buy-ins over $10,000. This means detailed information about where a patronB次元官网网址檚 funds are coming from is now recorded. Casino patrons must also provide an original receipt from a bank as proof of the source of funds.
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B次元官网网址淏CLC is committed to a robust compliance program to prevent, detect and report suspicious activity in B.C. gambling facilities,B次元官网网址� said BCLC spokesperson Lara Gerrits in an email. B次元官网网址淏CLC is working with Government on recommendations contained within Dr. Peter GermanB次元官网网址檚 report, and remains steadfast in its commitment to ongoing improvement of its anti-money laundering program.B次元官网网址�
Attorney General David Eby said in an email that the government is doing its best to follow GermanB次元官网网址檚 recommendations.
B次元官网网址淥ur government believes itB次元官网网址檚 critical to restore British ColumbiaB次元官网网址檚 international reputation, and ensure that B.C.B次元官网网址檚 casinos are never again considered a safe haven for laundering the proceeds of organized crime,B次元官网网址� Eby said.
B次元官网网址淲e have already taken action on several of Dr. GermanB次元官网网址檚 recommendations and seen a dramatic decrease in suspicious cash transactions as a result. As we implement Dr. GermanB次元官网网址檚 remaining recommendations, IB次元官网网址檓 confident anti-money laundering systems will be further strengthened in B.C.B次元官网网址�
EbyB次元官网网址檚 office reported that six of the 48 steps have been fully completed, including the development of a transaction analysis team; that that team meet weekly, that the BCLC not engage in any undercover operations (unless police are working with them), that no more expenses be incurred by BCLC with respect to certain software systems, that cash limits are not imposed by buy-ins, and that regulatory investigators continue to be Special Provincial Constables.
For Loveday, his largest concerns surround the wider implications an illegal casino operation could cause. Money laundering in the Lower Mainland was linked to the opioid epidemic and the housing crisis, problems that Loveday said cannot be exacerbated in Victoria.
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B次元官网网址淲eB次元官网网址檙e facing that same storm of crises here and we need to do everything as a community to make sure weB次元官网网址檙e not worsening these crises and taking steps to prevent them.B次元官网网址�
Loveday has motioned that council write to the BCLC and the Attorney General for updates, and has scheduled the proposal for the upcoming council meeting on Thursday, Sept. 20.
At this point, the BCLC said that they are in the procurement process to get a potential service provider for a downtown Victoria casino and that nothing has been approved by either the BCLC or the City of Victoria.
Previously, the Crystal Gardens had been a potential site, but that idea is reportedly no longer being considered.
