CANADIAN CASINO CLEARED FROM MONEY LAUNDERING SUSPICIONS
The British Columbia Lottery Corporation said it could find “no systemic pattern of money-laundering activity” related to Canadian casino River Rock.
Canada.- An investigation related to River Rock Casino seems to have ended in favour of the gaming operator. The British Columbia Lottery Corporation (BCLC) explained it found “no systemic pattern of money-laundering activity” related to the Canadian casino.
Ernst and Young carried out a “cheque by cheque analysis” of payments by casino cheques between 2014 and 2016. The BCLC had commissioned the investigation for such payments, worth €6,7k.
According to the BCLC, out of more than 2k cheques, 49 were issued “with exceptions outside of procedure.” That shows the Canadian casino made unwilling mistakes. The regulator said it is “satisfied there was no systemic pattern of money-laundering activity.”
Nonetheless, local investigative journalist Sam Cooper, there could be other ways the Canadian casino had laundered money.
“If you read the report, it says that that didn’t happen a lot,” he said. “That certainly did happen, some people laundered money that way, quite a lot of money in cheques but it wasn’t a systemic or wide-pattern. So they’ve, from my view, erected a bit of a straw-man and said this type of money laundering isn’t occurring systematically.”