A report by the RCMP suggests that these incidents are the work of a massive underground banking network that lends money to visitors from the Chinese mainland to gamble at the casino.<\/p>\n
But the network, allegedly operated by Paul \u201cKing\u201d Fun, also has access to bank accounts in Mexico and Peru with supposed links to drug cartels, as well as accounts in Iran, which the RCMP suspects are linked to terrorist financing.<\/p>\n
There is also the suggestion that that a report prepared by accounting firm MNP in July\u00a02016, which detailed the casinos\u2019 AML failings, was either buried or ignored by the previous provincial government.<\/p>\n
The Meilleur memo warns that money laundering is essential to the growth of organized crime, and says that regulatory laxity is allowing these groups to \u201cfoster their criminal activity and expand criminal operations.\u201d<\/p>\n
\u201cMore should be done regarding money laundering and the relationship between organized crime, illegitimate lending and casinos,\u201d the memo says. \u201cFurther, the highest-level investigations should be conducted targeting the integration of proceeds of crime into the economy through our casinos.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Organized crime in British Columbia\u2019s casinos is a \u201cviable threat to public safety,\u201d according to a memo sent by Gaming Policy Enforcement Branch intelligence to a minister of the provincial government in April. The memo was obtained this week by Canada\u2019s Postmedia via a freedom of information request. And though it was significantly redacted in […]<\/p>\n","protected":false},"author":42,"featured_media":60574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,60,18,61],"tags":[],"acf":[],"yoast_head":"\n
Memo: Organized Crime Laundering Money in BC Casinos Poses Threat<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n