MNP concluded there must be “acknowledgment, from all parties, that the proceeds of crime may be being injected into the gaming system despite the controls put in place.” The enforcement branch, an arm of the Finance Ministry, “has an interest in reducing the influx of unsourced cash into gaming facilities in B.C.,” the report states. MNP’s report notes that all these parties have an interest in maintaining the gaming revenues pouring into B.C., but warns the gambling system is at risk of being corrupted.

In its report, MNP says it looked at the actions of the enforcement branch, casino overseer B.C. And casino staff are accepting these wads of cash even though there is “no known source of funds.” Investigations and interviews showed that some VIPs have been allowed to purchase gambling chips at River Rock with more than $500,000 in small bills at a single time. The majority of cash is presented to casino staff by “high-roller Asian VIP clients” who have travelled from China or recently immigrated from China, the report says. “Law enforcement intelligence has indicated this currency may be the direct proceeds of crime,” the MNP report states.

Commissioned in 2015 by B.C.’s gaming policy enforcement branch, but not released until Postmedia filed a freedom of information request, the report focuses mostly on allegations of “unsourced cash” flowing into Richmond’s River Rock Casino.Īuditor MNP LLP explains the reasons for its report, noting that the enforcement branch “compiled a document which identified approximately $13.5 million in $20 bills being accepted in River Rock in July 2015.” That’s equivalent to a 20-storey-high stack of $20 bills, taller than the 12-storey height of the casino’s hotel building. The planned review was Eby’s response to a damaging confidential report about casinos overseen by B.C. “We will bring in the best experts available to assist us, and I am confident we will succeed,” he said in a statement. “We’ve become dependent on that revenue.”Įby said his government is “serious” about identifying money laundering activities and ensuring there are policies in place to prevent it in B.C casinos. Lottery Corporation has, in a very short time, become a behemoth in the provincial government,” she said.

Garossino hopes the independent review of money-laundering controls ordered by Attorney General David Eby helps to address the problem, but she warned it would need to “rise above politics.” Westcoast Homes & Design Previous Issues.Vancouver Sun Run: Sign up & event info.

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