BCLC hires auditor to monitor three casinos

The corporation has hired a third-party auditor to monitor the three busiest casinos in the city.

Canada.- The BC Lottery Corporation (BCLC) announced on Wednesday that it has hired a third-party auditor to monitor British Columbia’s three busiest casinos. The appointment comes after a report emerged earlier this year indicating that money was being laundered through some local casinos.

BCLC said in a statement that the move is set to support compliance with BCLC’s Source of Funds declaration requirements. The three casinos that will count with additional monitoring are the River Rock Casino Resort, the Grand Villa Casino and Parq Vancouver.

“BCLC is taking action to ensure that its Casino Service Providers are completely and accurately recording information regarding the source of players’ funds as part of its commitment to the prevention of money-laundering activities in B.C. casinos,” reads an email from BCLC sent to NEWS 1130.

Moreover, BCLC said that the auditor will ensure gaming workers are gathering detailed information on the source of player funds for all transactions of US$10k or more. The declaration has to include the financial institution, branch number and account number, as well as the customer’s signature. “BCLC is working with Government on implementing recommendations contained within Dr Peter German’s report, and remains steadfast in its commitment to be a part of the solution,” BCLC said.