BC pushes for money laundering inquiry
The BC government is pushing a money-laundering inquiry and the state’s Attorney General David Eby got casinos mixed up in the investigation.
Canda.- Money laundering is a major crime and Canada is seriously looking into it. Specifically, the BC government will conduct a money-laundering inquiry to clarify some issues in the state.
“There are a number of people, myself included, who have unanswered questions about how things got as bad as they did,” Attorney General David Eby said. “What warnings were ignored, who was profiting from these systems. How did they work exactly and are there other steps the government should be taking,” Eby added.
However, the BC official got casinos mixed up in the money-laundering investigation.
He denounced people carrying bags of cash into casinos and being treated as VIPs with “total impunity.”
Warning to the segment
The gaming industry must be on alert at all times to prevent money laundering. That’s why the authorities try to keep track of the latest methods of disguising dirty money.
For that matter, the anti-money laundering agency in Canada has warned casinos about the hottest trend. According to the body, they must carefully check customers that pay with bank drafts.
The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) issued an operational alert. It said that cash is no more for illicit transactions and warned about the new method.
Fintrac works with banks, insurance companies, securities dealers, money service businesses, real estate brokers and others to prevent illicit transactions. The body has issued a warning for Canada casinos that goes in line with the 2,276 pieces of intelligence it disclosed to police and security last year.
