B.C. is investigating possible money laundering in Lower Mainland casinos. (Black Press files)

Cash rules tightened for B.C. casinos

Gamblers must report source for buy-ins of $10,000 and up

New rules are in effect for B.C. casinos to keep track of high rollers.

Effective Wednesday, all cash, bank drafts and certified cheque buy-ins worth $10,000 or more have to be accompanied by a receipt showing the financial institution, branch number and account number the money came from. B.C. Lottery Corporation says the rule also applies to a series of transactions by any player totalling more than $10,000 over a 24-hour period.

An investigation is triggered if the player won’t provide the information or gives information that is “clearly suspicious,” BCLC said in a statement.

The new rule is in addition to the detailed identification casino staff collect on customers spending more than $10,000. It is one of the interim recommendations provided by Peter German, an expert on money laundering hired last year by B.C. Attorney General David Eby to review the security at B.C. casinos. An earlier review discovered several suspicious transactions, including $13.5 million in $20 bills accepted at the River Rock Casino in Richmond in 2015.

German, a lawyer and former deputy commissioner of the RCMP, is expected to submit his final report this spring.

Just Posted

Campbell River school trustees want review of school closure effects

Board only wants information and is not reconsidering closure decisions

Hydro issues warning to stay away from upstream side of Elk Falls Dec. 13-14

BC Hydro will be increasing the Elk Falls Canyon water flow from… Continue reading

VIDEO: Students from RainCoast School of Musical Theatre perform at festive Campbell River event

Italian Cultural Society, Malarkey Mummers and Santa all take part in Museum at Campbell River event

Environment Canada issues wind warning as fallen tree knocks out power for 1,500 customers in Campbell River

‘Strong winds that may cause damage are expected or occurring,’ says forecaster

Lawyer for Chinese exec detained by Canada says it’s ‘inconceivable’ she would flee

Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport

Omar Khadr to ask for Canadian passport to travel, permission to speak to sister

He spent years in U.S. detention at Guantanamo Bay after he was caught when he was 15

One of Tori Stafford’s killers transferred to medium-security prison

Michael Rafferty was sentenced to life in prison in 2012 in the kidnapping, sexual assault and first-degree murder of Tori Stafford

‘Abhorrent’ condition of autistic B.C. boy shows flaws in care system: report

‘Charlie’ was underweight and ‘covered in feces’ when he was removed from his mom’s care

Military closes book on oft-criticized support unit for ill, injured troops

The transition unit will provide support and services to military members struggling with physical and mental injuries so they can return to work.

Vancouver Canucks rookie Elias Pettersson named NHL’s first star of the week

Canucks centre scored two goals and six assists in three games

Protester says Canada doing U.S. ‘dirty work’ outside Huawei exec’s bail hearing

The U.S. wants to extradite Meng to face fraud allegations after Canada arrested the high-profile technology executive.

Union says arrows and gasoline tossed at striking Comox Valley assisted living workers

BCGEU president Stephanie Smith says arrows and gasoline were thrown at the picketers early in the week

Most Read