Too many looked the other way when it came to money laundering in B.C. – Commentary by Dermod Travis, IntegrityBC

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person-looking-searching-clean.jpg Laundromat. Photo not selected by IntegrityBC.

Commentary dated 22-March-2018 from Dermod Travis, executive director of IntegrityBC.

Could a similar question be posed of money laundering at B.C. casinos to that of the philosophical thought experiment, “if a tree falls in a forest and no one is around to hear it, does it make a sound?”

The question might go like this: if money laundering happens and everyone looks the other way, was it really laundered?

Citing a till-then secret 2016 report by auditor MNP LLP, the Vancouver Sun’s Sam Cooper reported last fall that B.C.’s gaming policy and enforcement branch (GPEB) had “compiled a document which identified approximately $13.5 million in $20 bills being accepted at River Rock Casino in July 2015.”

The MNP report noted that: “Law enforcement intelligence has indicated (the funds) may be the direct proceeds of crime,” adding “casino staff are accepting these wads of cash…

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