The gambling industry has become the fastest-growing sector in the Canadian province of British Columbia. Quite unsurprisingly, cash-intensive businesses such as banks are extremely vulnerable to money laundering. Casinos are also classified as cash-intensive businesses, which are usually dealing with high volumes of large cash transactions. Moreover, casinos offer many […]

Internal documents found out that housewives and students lead the list of the most common occupations among the high-rollers in Richmond’s River Rock casino. A great number of high-roller housewives spent more than C$14 million in bets and 87% of these transactions were suspicious. The situation is pretty much the […]

Gambling in its various forms has been among Canada’s most popular pastimes since time immemorial. What has made Canadian land-based casino industry so attractive is the country’s balanced approach to the industry. Unlike many other countries around the world, which are swinging from one extreme to the other in terms […]

Money laundering has appeared to be among the hottest topics currently in Canada. The disturbing money laundering scandal at British Columbia’s River Rock Casino shook the entire gambling community. At present, the country seems to be on the verge of another controversy, but this time related to the loved-by-many slot […]

Documents obtained by Postmedia News via a freedom of information request claim that a police unit will be tasked with cracking down illegal gambling and organized crime in British Columbia casinos. The documents provide further details about the way, in which the transaction assessment team is to operate. Apart from […]

The recent money-laundering scandal has prompted British Columbia newly-elected government to call for tough new anti-money laundering rules in an effort to crack down on money laundering. This Tuesday, British Columbia’s Attorney General David Eby made public Peter German’s first two interim recommendations. According to the new set of rules, […]

Richmond’s River Rock Casino has been engulfed in flames since September this year, when British Columbia’s newly-elected government made public a 2016 casino report that had been swept under the carpet by the previous government. The report revealed details regarding suspicious transactions that took place at River Rock Casino Resort […]

Mere months ago, British Columbia Lottery Corp. (BCLC) has found itself in the middle of a money laundering firestorm, after a shelved casino report showed lapses in anti-money laundering controls at British Columbia. The scandal undermined BCLC’s authority, which holds the monopoly over the casino industry in the Canadian province. […]