According to the latest information revealed by last week’s “Cullen Commission” hearing, the British Columbia Lottery Corporation refused to follow the anti-money laundering program in 2015. In order to sustain revenue, the company did not follow a state-proposed program to deal with a huge amount of questionable cash in BC casino territory.
In August 2015, during an ongoing investigation into alleged money laundering offences at Richmond’s River Rock Casino, Mike De Yong, then minister of gaming, wrote to BCLC CEO Jim Lightbody. In the letter, De Jong proposed introducing rules that require high-ranking players to report their cash sources. According to the Asian crime group organized since 2014, according to the gaming policy and enforcement department, it has managed to launder about C$200 million a year.
Government lawyer Kaitlyn Chuka read a memo from the October 2015 meeting between CEO Jim Lightbody and board chairman Bud Smith, where two officials discussed de Jong’s proposal to track cash amounts from high-income earners. According to Chuka, the conference concluded that such a move would lead to hundreds of millions of dollars in losses.
BCLC implemented a proposed action in January 2018 in which players declared sources of cash after an independent analysis of money laundering for BC casinos suggested. In Friday’s investigation, we also learned that in 2015 and 2016, General Manager John Mazur of the Executive argued that Lightbody should introduce a source cash declaration direction to high-roll casino players.
the defense of the light body
Majuer also said Lightbody refused to adopt such measures proposed by the branch’s anti-money laundering business. Rob Barber backed this claim by declaring that at a 2015 conference, mawyer complained that the entire British Columbia corporation had refused to listen to him. In response, Lightbody claimed he did not fully understand the fund filing action by providing notes in his personal log.
Lightbody was cross-examined by Paul King Jean’s lawyer Greg Del Vizio. Paul Kinjin was a suspect known to have been in charge of a network funded by cash to many Chinese high rollers at the River Rock Casino. Lightbody claimed that the increase in the number of wealthy high-profile gamblers came after the 2010 Winter Olympics, and the company did not know where the duffel bag of the 20 Canadian dollar bill came from.
The President of BCLC is dumbfounded
Jim Lightbody’s initial testimony was that he was shocked when the RCMP informed him that there was evidence from an Asian organized crime group that used supposedly drug money to buy chips at a casino in British Columbia. He added that casinos only allowed huge cash transactions because they refused to use checks, bank notes or casino credit accounts for cultural and privacy reasons. 카지노사이트
relaxation of anti-money laundering measures
Last week, Carrie Screens, executive director of investigation at BC gaming policy enforcement, told the anti-money laundering investigation team that Robert Crocker, former vice president of BCLC in 2019, should ease rules on huge cash transactions on casino premises. However, there was a lack of substantial evidence to prove the claim.