B.C. casinos are required to label and report cheques issued to customers who bring in cash and redeem chips.

B.C. casinos track cheques traded for cash

Man arrested at Chilliwack had thousands in cash and casino cheques, civil forfeiture office going to court to confiscate it

Rules are in place to prevent money laundering in B.C. casinos, an industry spokesman says after details of an effort to conceal more than $2 million came to light.

Ernest Yee, executive director of the B.C. Gaming Industry Association, said casinos are required to label all cheques issued to customers. If they buy chips with cash and then return most of the chips for a cheque, the cheque is branded “return of funds – not game winnings.”

The attempted transaction and the identity of the person are to be reported to the federal Financial Transactions and Reports Analysis Centre (FINTRAC).

“The cheque branding makes it clear that the funds were not derived from casino winnings and creates an audit trail for law enforcement when the cheque passes through the banking system,” Yee said.

Yee was responding to a call for stricter casino regulations this week from NDP leader John Horgan.

Horgan referred to a case stemming from a traffic stop by RCMP at a Chilliwack casino in October 2015. According to court documents, the driver was found leaving his car in a parking spot reserved for disabled people. Inside the car were $12,000 cash and $29,000 worth of cheques issued by Lake City Casino, which has locations in Vernon, Kelowna and Penticton.

A second search of the same man’s car in December turned up $25,405 in cash, along with pills and crack cocaine.

B.C.’s Civil Forfeiture office has applied to court to seize the money and the 2014 Camaro the man was driving as proceeds of crime. The suit alleges the man has laundered more than $2 million in drug dealing profits through casinos in B.C. from November 204 to October 2015.

 

Just Posted

World’s largest animal spotted off coast of Haida Gwaii

Fisheries and Oceans Canada spotted the animal during their Science At-Sea mission

Two monumental poles return home to Haida Gwaii

The artifacts ended up in Vancouver by being taken, appropriated, stolen, or sold through the years

Northern B.C.’s Ridley coal terminal sold, Canada divests, First Nations to own portion

Ten per cent of shares transferred to the Lax Kw’alaams Band and the Metlakatla First Nation

Haida artist Derek Edenshaw helps Rupert spruce up city

A giant kraken, painted by local artists under Edenshaw’s tutelage, is now on display

Haida Gwaii teacher denied paid bereavement travel leave

Arbitrator sides with B.C. Teachers Federation in dispute over funeral trip

Feds lowered poverty line, reducing the number of seniors in need: documents

Liberals introduced a poverty line that was below the prior low-income cutoff

BCHL: Alberni Valley Bulldogs have been sold

Victoria company has purchased BCHL team, but will keep it in Port Alberni

“Does Kirby care?” B.C. First Nation’s group using geo-targeted ads in Houston, Texas for justice

The Heiltsuk Tribal Council has called out Kirby Corporation for the Nathan E. Stewart oil spill

Trudeau announces $79M investment for 118 more public transit buses across B.C.

Contributions from municipal to federal level to fund more buses in a bid to cut commutes

B.C. woman wins record $2.1 million on casino slot machine

‘That night was so surreal … I wasn’t able to sleep or eat for the first two days,’ she said

After B.C. dad’s death, Technical Safety BC wants changes to trampoline park rules

Jay Greenwood, 46, did ‘a series of acrobatic manoeuvres prior to a fall that caused serious injury and cardiac arrest’

$900M settlement reached in class action on sexual misconduct in Canadian military

After facing criticism, the government moved to begin settlement proceedings in early 2018

Tax take stays ahead of increased B.C. government spending

Tax revenue $2.1 billion higher than budget in 2018-19

Two toddler siblings found drowned on First Nation in Alberta

The siblings were found drowned on their family’s property, according to RCMP

Most Read