HomeNews ❯ Former Casino Head Gives Suggested Money Laundering Timeframe

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Former Casino Head Gives Suggested Money Laundering Timeframe

We all know that money laundering is a big problem in the world of Canadian casinos, and this is something that is threatening the success of the industry moving forward. There are a lot of factors that play a part in helping money laundering thrive, and it seems like British Columbia has become a hotbed for this kind of criminal activity in recent times.

It’s clear that B.C.’s problems with money laundering have been going on for some time, with a special task force even created to help deal with the problem. There are a lot of factors that play a part in this, and it is important to understand the importance of battling against this. We know that money laundering is something that has been impacting B.C. casinos for some time, but it is unclear exactly how long this has gone on for.

The government has seemingly tried everything to fight against money laundering, even setting up and launching a new website as part of new money laundering initiatives. However, below the surface, questions are being asked as to how serious the government actually is about getting to the roots of this money laundering problem that seems to be plaguing the province. Indeed, there have been claims from a variety of sources that the government is not taking this problem seriously, and that the attempts to fix the problem are actually minimal. Some sources even claim that the RCMP have no officers dedicated to dealing with the problem of money laundering in the country.

Former Casino Head Gives Suggested Money Laundering Timeframe- online casinos canada

The government’s laissez-faire attitude toward this problem seems to be corroborated by the recent reports given concerning a money laundering timeframe. Muriel Labine, who once worked for Great Canadian Gaming states that 1997 marks the time at which money laundering truly exploded in casinos across Canada. The decision by the government to increase betting limits from C$25 to C$500 appears to have been the catalyst.

It is clear that the Canadian government profits a great deal from casinos, and this might be why they are so reluctant to take the steps that will help them deal with money laundering more effectively. This is why it is surprising that Canada is missing out on US sports betting due to the government’s reluctance to legalise it. But, we could well see a change involved in this over the next few years, and sports betting could well make its way to Canada if the government is serious about making profits from it.

Reports that money laundering may stretch as far back as 1997 shows that there is still a need for a proper public inquiry into what has happened, and the way in which money laundering has been allowed to continue unchecked across B.C. and other Canadian provinces. The results of any inquiry could provide more than a few revelations in the future.

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