Investigating a case of alleged Money Laundering against the River Rock Casinos, the British Columbia Lottery Corporation reports that it has found “no systematic pattern of money-laundering activity” concerning the cheques sent by the River Rock Casino in Richmond.
The state lottery had outsourced the “cheque by cheque analysis” task to Ernst and Young. There was payment of over $100,000 made by the casino in two years between 2014 and 2016.
Allegations were surfacing that the River Rock patrons were involved in money laundering as they would exchange illegally procured funds for chips and then convert them to cash by issuing cheques.
While BLCC has given a clean chit as far as the allegations are concerned Ernst and Young, a global accounting firm analyzing the cheques is yet to conclude its analysis of River Rock Casino Cheques.
BLCC in their statement said that at present “BCLC is satisfied there was no systematic pattern of money-laundering activity.”
However, Global News investigative journalist Sam Cooper seems not convinced by the current developments. Speaking on The Jon McComb Show on CKNW he said that the cheques are not the only means for money laundering.
“If you read the report, it says that that didn’t happen a lot. That certainly did happen, some people laundered money that way, quite a lot of money in cheques but it wasn’t 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,” he added.