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

Penticton’s Arts Rising Festival included as BC Culture Days 10th anniversary celebration

Take in the various free events and activities around the city on Sept. 27 from 10 a.m. to 8 p.m.

Preliminary inquiry dates set for John Brittain

Penticton resident is charged with three counts of first degree, one count of second degree murder

South Okanagan wildfire monitored closely for hot spots

The Eagle Bluff wildfire, north of Oliver, is classified as held

Penticton RCMP dealing with situation downtown

Two police vehicles were at Main Street and Nanaimo Avenue at just after 1 p.m.

Grass fire breaks out on highway south of Vernon

Highway 97 traffic slowed as firefighters snuff grass fire

Summerland relaunches net metering program

Event open house will be held Aug. 27 from 3 to 6 p.m in Arena Banquet Room

Conan turns to the Property Brothers for tips on buying Greenland

Jonathan Scott suggests removing glaciers and mountains to bring in ‘more natural light’

Forests minister visits B.C. town hit by multiple mill shutdowns

A third of Mackenzie turns out for rally, not much to cheer about

B.C. sockeye returns drop as official calls 2019 ‘extremely challenging’

Federal government says officials are seeing the same thing off Alaska and Washington state

B.C. music teacher accused of sexual misconduct involving girls

Police believe other victims could be out there after the arrest of Lamar Victor Alviar

Vernon man facing drug trafficking charges in Kelowna

The man was found with suspected cocaine, heroin and fentanyl and thousands of dollars in cash

North Okanagan home scorched by flames

Neighbouring homes threatened by blaze, which is producing heavy black smoke

Most Read