British Columbia Money Laundering Inquiry Commission Ready To Host Five Public Meetings

British Columbia Money Laundering Inquiry Commission Ready To Host Five Public Meetings

The inquiry commission formulated to investigate into British Columbia’s money laundering issues is looking for public opinion, suggestions, and inputs. The Commission confirmed that they would be launching five public meetings across the province.

According to the reports, the inquiry commission would allow the citizens to share their insights into the money laundering activities in the province. The first such meeting is scheduled for October 23.

British Columbia and its casino gambling industry, in particular, has been facing allegations of facilitating money laundering. The authorities have come under a lot of flak for turning a blind eye to compelling money laundering issues.

Earlier in May, a fresh inquiry was launched into money laundering activities in British Columbia. A team of experts headed by BC Supreme Court Justice Austin Cullen is inquiring into the money laundering activities plaguing the province’s casino and gambling industry. The team would also inquire into other sectors, including real estate.

Of all the British Columbia casinos, the River Rock Casino in Richmond Vancouver was most embroiled in controversies related to facilitating money laundering.

However, investigating a case of alleged Money Laundering against the River Rock Casinos, the British Columbia Lottery Corporation reported that it found “no systematic pattern of money-laundering activity” concerning the cheques sent by the River Rock Casino in Richmond.

The state lottery 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.

Following the investigations, Robert Kroeker, Vice President of corporate compliance with British Columbia Lottery, had to step down.

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