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

Got bats?

The Skeena Community Bat Program is looking for volunteers to help with their annual count

Missing teen reportedly spotted in Northwest

Police, family greatly concerned over disappearance of Colten Therrin Fleury

Police, Conservation see busy long weekend

Arrests, tickets and warnings follow joint-enforcement initiative

Injury forces end to hiker’s Pacific Crest Trail attempt

Due home this week, Janine Wilson still determined to finish challenge in the future

Vancouver choir to perform joint-concert with two local ensembles

Concert will take place on Saturday, May 26 at the Knox United Church

Trans Mountain pipeline: How we got here

A look at the Kinder Morgan expansion, decades in the making

WestJet pilot strike averted as parties agree to mediation

Pilots had warned they could go on strike starting May 19

Out of control wildfire prompts restriction around Allie Lake

One of the first large wildfires of the 2018 season is blazing out of control

Giant beer tanks arrive in new B.C. home city

Molson Coors tanks finish river journey and move to overland trip in Chilliwack

VIDEO: Pipeline supporters rally across B.C.

Langley event one of five held in B.C.

VIDEO: B.C. woman praises burn fund after boat explosion in 1978

White Rock woman was 16 years old when she was left with second- and third-degree burns

B.C.’s Ryan Craig, Vegas Golden Knights chase history

Local product behind bench for expansion team’s incredible championship run

CP rail workers give strike notice

Employees could walk out as early as Tuesday at 7 p.m. PT

Most Read