B C lottery president says cash limits at casinos no panacea to fight illegal money 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 president of the British Columbia Lottery Corp. says restricting large cash buy-ins at casinos was not a panacea to fight money laundering despite government concerns and calls for tighter controls dating back to 2015. Jim Lightbody, who is continuing his second day of testimony today at a public inquiry into money laundering, says the former Liberal government told the Crown corporation to consider cash controls at casinos as part of its overall approach to combat money laundering. But Lightbody says the government, including former finance minister Mike de Jong, supported the lottery corporation s anti-money laundering regime that was based on a risk-based approach, which included monitoring and banning some gamblers.
B C lottery president says cash limits at casinos no panacea to fight illegal money - 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.
B.C. lottery president says cash limits at casinos no panacea to fight illegal money
Commissioner Austin Cullen, back centre, listens to introductions before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia in Vancouver on Monday, Feb. 24, 2020. The president of the British Columbia Lottery Corp. says restricting large cash buy-ins at casinos was not a panacea to fight money laundering despite government concerns and calls for tighter controls dating back to 2015. THE CANADIAN PRESS/Darryl Dyck January 29, 2021 - 3:57 PM
VANCOUVER - The president of the British Columbia Lottery Corp. says the former Liberal government called for tighter controls on cash at casinos but didn t order the Crown corporation to impose buy-in limits on gamblers as part of its overall anti-money laundering strategy.
B.C. Lottery Corp. CEO blown away by police report of organized crime at casinos
Commissioner Austin Cullen listens to introductions before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia, in Vancouver, on February 24, 2020. THE CANADIAN PRESS/Darryl Dyck January 28, 2021 - 4:36 PM
VANCOUVER - The president of the British Columbia Lottery Corp. says the first time he officially heard organized crime groups were laundering money at provincial casinos was six years ago during a meeting with the RCMP.
Up until the 2015 police briefing, there had long been concerns about suspicious cash circulating at casinos but the RCMP report confirmed it, Jim Lightbody told an inquiry into money laundering on Thursday.