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.
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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.
Ex-lottery executive says Eby ‘disinterested’ in corporation’s anti-money laundering efforts Dirk Meissner Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Attorney General David Eby appeared “disinterested” during an anti-money laundering briefing by top British Columbia Lottery Corp. officials and disparaged the author of a crime analysis report, a former corporation executive told a public inquiry Monday.
Robert Kroeker, ex-vice president of corporate compliance, testified Eby appeared largely disinterested in the Crown corporation’s presentation of its anti-money laundering programs and observations during a meeting in October 2017, shortly after the New Democrats formed a government.