Vancouver’s once rollicking casinos hit by dirty money.
Undercover video shows CBC reporter Curt Petrovich playing slots at a B.C. casino to show how easily he was able to launder money. (CBC) At Great Canadian, it was a cinch.
VANCOUVER — Money-laundering operations in casinos have been tied to British Columbia’s opioid overdose crisis and the real-estate market, the attorney general said Wednesday as he released an independent report detailing how organized crime groups used the gaming industry to distribute its profits. David Eby said the report highlights disturbing issues related to international gangsters.
Vancouver’s once rollicking casinos hit by dirty money crackdown. Natalie Obiko Pearson and Paula Sambo, Bloomberg News. Vancouver casinos hit by crackdown on illicit money. VIDEO SIGN OUT. When Parq Vancouver, a glimmering waterfront casino, opened amid much to-do in late 2017, few would’ve anticipated that a dirty money crackdown was about to throw the city’s roaring gambling business.
Experts believe casino money launderers have shifted from B.C. to Ontario.. Money laundering in Ontario: Suspicious cash transactions spike after B.C. casino crackdown. 29-01-2020 12:00 via globalnews.ca. Experts believe casino money launderers have shifted from B.C. to Ontario. Read more. Four new cases of COVID-19 in B.C. tied to two new outbreaks. 03-06-2020 05:09 via globalnews.ca.
A public inquiry into money laundering launches on Monday with participants including Great Canadian Gaming Corporation, which owns and operates River Rock Casino. The consequences of money laundering in B.C. are “serious and on-going,” said Attorney-General David Eby in a press conference to launch the inquiry.
This model of casino money laundering was so rife in BC that global intelligence services began referring to it as “the Vancouver Model.” The City of Delta has no casinos, but it has recently.
Graphic artist's depiction of how to launder money at a casino. A call to action against PAVCO and Paragon's proposed mega-casino complex at B.C. Place.