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

Salmon Arm’s fire risk worries professionals

Using the 1998 wildfire as an example, consultant suggests more prevention work needed.

Adams Lake band to get new chief

Incumbent chief Paul Michel will not be seeking re-election

Updated: Accused in Kelowna triple murder in court today

Jacob Forman has been in custody since he was arrested and charged with second degree murder

UPDATE: Head on collision closes Trans-Canada west of Revelstoke

Two tractor-trailers collided on Highway 1 forcing the closure of the road, no detour is available

JoeAnna’s House fundraising campaign reaches $4.5 million

Offering ‘home away from home’ for families of KGH patients

VSS drama students to hit the stage

VSS students prepare to stage a midwinter’s night production

Former fire chief gets seven months in prison for possession of child porn

The 63-year-old pleaded guilty during a brief hearing last year to one count

B.C. VIEWS: Public school ‘crisis’ doesn’t exist

More teachers pour in, union wants results suppressed

Suspected Toronto serial killer targeting gay community arrested

A 66-year-old man is charged with first-degree murder in disappearance of two Toronto men

Carpet bowlers have been excluded from BC 55+ Games and Canada 55+ Games

Gold medal carpet bowling winners not able to defend their titles in 2018

UPDATE: Police release new footage, launch website in hunt for 13-year-old’s killer

IHIT say no one has been arrested or charged in connection with Marrisa Shen’s death

Rural B.C. students score visit with Canadiens netminder Carey Price

Two students from the Chilcotin can hardly wait to meet hometown hero Carey Price in Montreal.

Business Spotlight: Mayor to give state of the city address

Mayor Nancy Cooper will be the guest speaker at the January Salmon… Continue reading

Unplug and play in the South Shuswap

The Unplug and Play Family Literacy Week kicks off on Jan. 20… Continue reading

Most Read