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Money cap the most bright capacity to forestall money laundering in B.C. casinos, inquiry hears


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Money cap the most bright capacity to forestall money laundering in B.C. casinos, inquiry hears

British Columbia·NewA lawyer for a gaming expert says a cash cap is the only way to stop money laundering at casinos in British Columbia.Lawyer for former BCLC official says scale of the problem had been blown out of proportionThe Canadian Press · Posted: Feb 25, 2020 12:31 PM PT | Last Updated: February 25A public…

Money cap the most bright capacity to forestall money laundering in B.C. casinos, inquiry hears

British Columbia·Recent

A attorney for a gaming knowledgeable says a money cap is the most bright capacity to quit money laundering at casinos in British Columbia.

Lawyer for stale BCLC legitimate says scale of the teach had been blown out of proportion

The Canadian Press ·

A public inquiry into money laundering used to be called after three reviews final one year talked about casinos and horse racing, to boot to the right estate and opulent car markets, had change into laundromats for the proceeds of crime. (Shutterstock/Stefan Malloch)

A attorney for a gaming knowledgeable says a money cap is the most bright capacity to quit money laundering at casinos in British Columbia.

Christine Mainville urged a public inquiry Tuesday that money is no longer being laundered thru casinos in any dilapidated sense.

Mainville is representing Robert Kroeker, who held top positions at the British Columbia Lottery Corp., the Ample Canadian Gaming Corp. and with the province’s civil forfeiture place of job.

Mainville says money laundering in casinos has been blown out of proportion and the inquiry might possibly well perhaps moreover merely aloof also plot at financial institutions.

The inquiry used to be called by B.C.’s NDP authorities after three reviews final one year talked about casinos and horse racing, to boot to the right estate and opulent car markets, had change into laundromats for the proceeds of crime.

Robin McFee, counsel for lottery corporation president James Lightbody, says the group known the likelihood of cash laundering within the gaming sector, adding that Lightbody labored with law enforcement and fostered an organization custom that promotes ethical practices.

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