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

Injured mountain biker airlifted to hospital in Kelowna

A mountain biker spent the night with rescuers after suffering injuries

Summer solstice celebration

The Okanagan’s Largest Summer Solstice celebration is planned for June 21 in Penticton

Farmers’ market temporarily on the move

The Penticton Farmers’ Market is moving temporarily moving on June 23

UPDATED: Oliver wildfire extinguished, B.C. Wildfire mopping up

6-ha. brush fire contained before it could spread farther

Falkland artist favours, fights for fish

Lottie Kozak does all kinds of art; one of her favourite subjects, fish, is dwindling

Homeless people living on ‘Surrey Strip’ move into modular housing

BC Housing says 160 homeless people are being moved into temporary Whalley suites from June 19 to 21

Heat wave could lead to record-breaking electricity use: BC Hydro

Monday was a hot one, and many turned to fans and air conditioners for relief from the heat

Eagle’s death causes power outage

Thousands of Salmon Arm residents were without power for about an hour on Monday night

Tour rookie takes Golf BC Championship

Arizona’s George Cunnigham, 22, finished the Mackenzie Tour event in Kelowna at 20-under-par

Private schools continue to top Fraser Institute rankings

Think tank says its ratings are fair to all schools, public and private

Former Somali child refugee fights to stay in Canada

Former child refugee Abdoul Abdi’s judicial review set for today in Halifax

U.S. border separations ripple through midterm campaigns

Several Republicans to break from President Donald Trump amid boarder separation issues

Most Read