HomeNews ❯ Chinese Gangster Targeted in B.C. Money Laundering Clean-Up

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Chinese Gangster Targeted in B.C. Money Laundering Clean-Up

It seems like we can’t go a week without talking about one of Canadian gambling’s most pressing problems, money laundering. This is a serious problem that has plagued our industry for far too long, and the last year has brought so many revelations that the secrets could no longer be contained. The truth is out, and B.C. casinos are having to face grim facts about the true extent of money laundering figures, thought to be double what was estimated!

The one saving grace of all of this is the fact that it seems to have shocked the B.C. government into finally being proactive, and actually doing something about it. A direct result of this is the fact that we are finally starting to see a scenario where a public inquiry could lead to a government takeover of casinos in the local area. This is something that might not go down well with a lot of people, but it’s certainly important to keep in mind.

Well, it seems that now the government is not afraid to pull up a few trees in order to fight this problem effectively. And it seems like they are prepared to go after some of the big names in the world of organised crime in order to achieve this! This has led to attention turning back to heavyweight Chinese gangster Kwok Chung Tam, the man thought to be spearheading Canada’s money laundering operations.

So far, many of the B.C. public inquiries into money laundering have proven to be a source of frustration. It has become very difficult to get information from anybody, and convictions have seemed to be very elusive. This is something that has caused a lot of public controversy, and this has led to questions about which higher powers might be involved in that sort of thing.

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Anti-Money Laundering Initiatives Slow But Genuine Steps are Happening in the Right Direction.

It’s important to know what is going on in the industry, and this is why you need to follow news and updates pertaining to Canadian casinos and gambling. One of the best things you can do is head to our site at www.online-casinos-canada.ca to find out more about the latest and greatest casino news the industry has to offer. This way you can follow developments and see how the government plans to combat issues and make Canadian gambling a much better industry moving forward.

The steps taken to address the problems with provincial money laundering also threatens to expose immigration problems across Canada, But, the government must tread carefully and try to keep politics out of this as much as possible. If they can achieve that they stand a good chance of being able to combat these problems in the future as well. Let us hope that the clean-up job that starts here brings about the right changes for the casino industry across Canada.

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