Home ❯ News ❯ B.C.’s Money Laundering Claims Job of Vindicated Gaming Inspector
Advertiser Discolusure We want to bring you the best content and the best offers. Just so you know, we may collect compensation from the links on this page and some of our reviewers are compensated for contributing content to this website.
B.C.’s Money Laundering Claims Job of Vindicated Gaming Inspector
There are currently 16 different casinos that operate in the British Columbia province, and they generate a combined revenue of around C$600 million. This means there is plenty of scope for laundering money assuming people know what they are doing. While US gamblers are now allowed to enjoy sports betting for the first time, the development and appeal of Canadian casinos seems to have given rise to money-laundering activity.
A recent story has revealed that an inspector for B.C.’s Gaming and Policy Enforcement was unexpectedly fired in 2014. There is speculation that this firing was triggered as a result of some of his investigations into irregular gambling in Vancouver casinos back in 2009. The money was being brought in by many casinos from Asia, and it was thought that this was criminal money from Chinese gangs trying to launder their cash.
The investigation is thought to have raised questions about the relationships between casinos and regulators. This, of course, created an awkward atmosphere, and, after constant prodding and probing to try to get to the bottom of things, the inspector found himself unceremoniously sacked.