Former cabinet minister says B C Liberal government took money laundering seriously - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Commissioner Austin Cullen has not heard any explicit admission or allegation of corruption from officials who have testified. However, Cullen has heard testimony that shows regulatory failures and ineffective policy and law enforcement, as a result of alleged wilful ignorance, miscommunication and slow-moving bureaucratic responses. Cullen is expected to draw his own conclusions and determine facts in his final report sometime this year. His mandate is to determine “the extent, growth, evolution and methods of money laundering” in six sectors of the economy, including gambling. Cullen is to determine “the acts or omissions of regulatory authorities or individuals” and “the scope and effectiveness” of their powers, including “barriers to effective law enforcement” regarding money laundering in B.C. One barrier could be corruption, however he may define it.
Casinos inquiry awaits government and police explanations alaskahighwaynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskahighwaynews.ca Daily Mail and Mail on Sunday newspapers.
The former chairman of the board at the British Columbia Lottery Corp. says he advised cabinet ministers in two different governments to get out of high-end gaming where bet limits reached $100,000.
Former BCLC board chair says government ill-suited to run gambling Bud Smith testified he expressed his views about getting the Crown-owned lottery corporation out of high-limit gaming to Mike de Jong in 2015 and to David Eby in 2017
Author of the article:
Publishing date: Feb 04, 2021 • February 4, 2021 • 3 minute read • Testifying at the public inquiry into money laundering in B.C., former BCLC board chair Bud Smith said that the potential for suspicious activities at gaming outlets has historically been present in B.C. and the government would be better suited as a regulator. Photo by Nick Procaylo /PNG
Article content
A former chairman of the board at the British Columbia Lottery Corp. says the government is not suited to run gaming operations and should get out of the high-stakes business where bet limits reach $100,000.