{"id":104683,"date":"2019-05-12T04:20:30","date_gmt":"2019-05-12T11:20:30","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=104683"},"modified":"2019-05-12T04:20:30","modified_gmt":"2019-05-12T11:20:30","slug":"bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/","title":{"rendered":"BC Lottery Corp Seeks Tech Contractor to Fix Broken Anti-Money-Laundering System"},"content":{"rendered":"

The BC Lottery Corp has launched a competitive bidding process for a technology solution to help combat money laundering after an independent report described its current system as unfit for purpose, CBC reports.<\/p>\n

\"BC
Peter German (foreground) described the BCLC\u2019s pervious implementation of an AML system that had not been tested in casinos as \u201ca debacle.\u201d BC AG David Eby (background) has vowed to clean up the province\u2019s damaged reputation. (Image: Yvette Brend\/CBC)<\/figcaption><\/figure>\n

The province has been engulfed by scandal<\/a> following revelations that it had become a global hub of money-laundering, with billions of dollars in dirty cash flowing into its casinos and housing market.<\/p>\n

But a report by former deputy of the Royal Canadian Mounted Police (RCMP) Peter German into the province\u2019s money-laundering problem found that BCLC had recently blown C$7.3 million ($5.4 million) on a system that simply did not work.<\/p>\n

According to German, BCLC skipped the competitive bidding process and instead handed the contract to a US company that supplied AML software to banks — software that was untested in a casino context and not up to the job. German noted the company made initial contact with BCLC and not the reverse.<\/p>\n

False Positives<\/strong><\/h2>\n

Among a litany of deficiencies, German found that the absence of a field containing\u00a0middle names for 17,000 patrons drove false positives “through the roof.\u201d<\/p>\n

“The inability of the new system to deliver as BCLC had hoped means that BCLC must rely on its existing systems and manual intervention to monitor patrons,” German wrote.<\/p>\n

The old adage, ‘don’t throw good money after bad’ applies in this case. BCLC should expend no further public money on the … project. “Any attempt by government and Crown agencies to develop hardware and software solutions must always be approached with great caution … [competitive bidding processes] exist for a reason,” he added.<\/p><\/blockquote>\n

In its request for proposal this week, BCLC admits that its current software is \u201cat the end-of-life and are manually intensive.” It is seeking a solution that has already been implemented in casinos, including Canadian casinos, that will also monitor online gaming, Patron Gaming Fund accounts, Source of Funds reporting, and assist with the \u201congoing monitoring of certain customers and their transactions.”<\/p>\n

$5 Billion Washed Through Housing Market<\/strong><\/h2>\n

German\u2019s report found that the province\u2019s casinos had become a \u201claundromat\u201d for organized crime. Underground banking networks with links to drugs trafficking would wash money by lending it to Asian high-rollers to be gambled at BC casinos with lax AML controls.<\/p>\n

This week, an expert panel looking into the extent of the problem within the province\u2019s real-estate market<\/a> found an estimated $5 billion was laundered through the purchase of luxury property in 2018 alone, which drove up the cost of buying a home for ordinary British Columbians by at least five percent.<\/p>\n

Critics say the province has become a playground for money laundering because of weak regulations the lack of an agency or police force with adequate oversight or resources to investigate such activities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The BC Lottery Corp has launched a competitive bidding process for a technology solution to help combat money laundering after an independent report described its current system as unfit for purpose, CBC reports. The province has been engulfed by scandal following revelations that it had become a global hub of money-laundering, with billions of dollars […]<\/p>\n","protected":false},"author":36,"featured_media":104685,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,18,16693],"tags":[],"acf":[],"yoast_head":"\nBC Lottery Corp Seeks Tech Contractor to Fix Broken AML System<\/title>\n<meta name=\"description\" content=\"BC Lottery Corp is looking for a new AML technology supplier after spending C$7.3 million on a system that was describe as unfit for purpose.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BC Lottery Corp Seeks Tech Contractor to Fix Broken AML System\" \/>\n<meta property=\"og:description\" content=\"BC Lottery Corp is looking for a new AML technology supplier after spending C$7.3 million on a system that was describe as unfit for purpose.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-12T11:20:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1180\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/\",\"url\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/\",\"name\":\"BC Lottery Corp Seeks Tech Contractor to Fix Broken AML System\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg\",\"datePublished\":\"2019-05-12T11:20:30+00:00\",\"dateModified\":\"2019-05-12T11:20:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"BC Lottery Corp is looking for a new AML technology supplier after spending C$7.3 million on a system that was describe as unfit for purpose.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg\",\"width\":1180,\"height\":799,\"caption\":\"Peter German (foreground) described the BCLC\u2019s pervious implementation of an AML system that had not been tested in casinos as \u201ca debacle.\u201d BC AG David Eby (background) has vowed to clean up the province\u2019s damaged reputation. (Image: (Yvette Brend\/CBC)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Live Casinos\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"BC Lottery Corp Seeks Tech Contractor to Fix Broken Anti-Money-Laundering System\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BC Lottery Corp Seeks Tech Contractor to Fix Broken AML System","description":"BC Lottery Corp is looking for a new AML technology supplier after spending C$7.3 million on a system that was describe as unfit for purpose.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"BC Lottery Corp Seeks Tech Contractor to Fix Broken AML System","og_description":"BC Lottery Corp is looking for a new AML technology supplier after spending C$7.3 million on a system that was describe as unfit for purpose.","og_url":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-05-12T11:20:30+00:00","og_image":[{"width":1180,"height":799,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/","url":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/","name":"BC Lottery Corp Seeks Tech Contractor to Fix Broken AML System","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg","datePublished":"2019-05-12T11:20:30+00:00","dateModified":"2019-05-12T11:20:30+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"BC Lottery Corp is looking for a new AML technology supplier after spending C$7.3 million on a system that was describe as unfit for purpose.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/peter-german.jpg","width":1180,"height":799,"caption":"Peter German (foreground) described the BCLC\u2019s pervious implementation of an AML system that had not been tested in casinos as \u201ca debacle.\u201d BC AG David Eby (background) has vowed to clean up the province\u2019s damaged reputation. (Image: (Yvette Brend\/CBC)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/bc-lottery-corp-seeks-tech-contractor-to-fix-broken-aml-system\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Live Casinos","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/live-casinos\/"},{"@type":"ListItem","position":4,"name":"BC Lottery Corp Seeks Tech Contractor to Fix Broken Anti-Money-Laundering System"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/104683"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=104683"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/104683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/104685"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=104683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=104683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=104683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}