Home ❯ News ❯ Vancouver Gets Serious With Anti-Money Laundering Bill
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.
Vancouver Gets Serious With Anti-Money Laundering Bill
Money laundering is a big problem in Canada, and one of the big things that is affecting the gambling industry across the country. There are a lot of things that can improve the way we gamble, and the popularity of the industry has led to many more development projects across the nation. However, it has also seen an increase in money laundering activity across provinces, which has not been restricted to casinos.
Councillor Christine Boyle also called for an inquiry into the links between organised crime and money laundering across the city of Vancouver. She stated, “There’s been a lot of centralized issues around money laundering in Vancouver. The term, ‘The Vancouver Model’ is used, and so it’s clear that this is a local city issue, as well as a provincial issue. I hope we can get to the bottom of it and how it’s impacting Vancouver, through a provincial inquiry.”
There is the hope that this new motion passed will go a long way towards dealing with many of the money laundering and organised crime problems that continue to dog B.C., and that this will benefit the casinos. People want to be able to enjoy gambling without the spectre of organised crime looming large.