HomeNews ❯ BCLC Gets Techy in Its Fight Against Money Laundering

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BCLC Gets Techy in Its Fight Against Money Laundering

We all know how much of a problem money laundering is for British Columbia, and many provinces across Canada. This is a problem that needs to be addressed by governments across the country, as they look to clean up their act, and improve the way people perceive money laundering in the future. BCLC has been seeking solutions to combat money laundering as much as possible, and this is something that has seen developments over the past few months.

The company has made a bid for a technology system that is designed to battle against money laundering, after a report deemed their current system to be inadequate. There are a lot of factors that play a role in the process of preventing money laundering, and this one of the key things that will help with this moving forward. Attorney General David Eby has been spearheading the fight against money laundering, and expressed his frustration at the lack of movement when it comes to money laundering convictions.

There is a hope that this new technology is going to result in tighter regulations, as well as helping to result in more convictions. Indeed, four students from Rivers University have teamed up with BCLC and worked with Kamloops technology to help improve the industry. This shows the importance and dominance of technology in the Canadian casino industry.

BCLC Gets Techy-online-casinos-canada

Money Laundering Problems Cause BCLC to Implement New Technology Solutions.

BCLC is clearly seeking an experienced partner for an anti-money laundering monitoring system, and this is something that is going to have a massive impact on the industry moving forward. It’s not just British Columbia that is taking steps to improve the way the industry is run. Ottawa is also taking steps to improve its fight against money laundering by pledging funding to improve the way its working toward this.

Technology is certainly something that can have a positive impact on the Canadian gambling industry moving forward. In fact, if you want to see details of how technology is improving and affecting the industry all across Canada visit our top tips for online casinos page.

In the past, C$7.3 million has been spent on attempting to tackle the problems with money laundering online and across Canada. However, it seems that there have not been the developments people have hoped for, and this has prompted BCLC to look for new avenues to fight against money laundering. Utilising as much technology as possible is one of the best ways of local governments improving their ways of battling money laundering.

Changes need to be made in order to improve the way the provinces deal with criminal activity, including money laundering, and there seem to be plenty of things in the works that can help with this. The BCLC has turned to technology in order to improve the way they combat money laundering across the land.

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