The British Columbia Money Laundering Investigative Committee continues its daily hearings, gathering numerous essential information about the practices adopted by British Columbia casinos over the years. On Monday, I heard from BCLC investigator Mike Hiller, who pointed out that it is only a habit of senior Chinese officials that investigators bring in large cash purchases.
Playing in-person games in British Columbia has been one of the topics of extensive discussion over the years, as Asian celebrities have always found the Richmond area attractive in their gambling activities. Casinos, such as River Rock Casino, have welcomed millions of dollars in cash purchases over the past two decades, with more coming from duffel bags filled with 20 Canadian dollar bills.
This is key information that Cullen's committee has been hearing over the past few weeks. The start of the third week of the daily hearing brought more details about how this happened, and a senior employee at the British Columbia Lottery Company tried to explain the activity. Concerns about money laundering were raised during the investigation.
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Mr. Hiller said he noticed signs of money laundering as soon as he opened an investigation into everyday gaming activities at the River Rock casino. The bag was full of C$20 notes that would jump into gambling and support Chinese gaming activities. The incidents occurred frequently while individuals were gambling directly on the casino grounds. Concerns were raised with the Crown Company at the time. 온라인카지노사이트
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It was when senior staff tried to find a reasonable explanation for the substantial purchases offered at Richmond's River Rock Casino. In 2013, Brad Demarris, then vice president of corporate security and compliance at Crown Company, told casino investigators that gambling directly and buying large amounts of cash might be a cultural thing Chinese players are used to.
a forthcoming hearing
In 2012, Chinese people were known to bring cash to Canada on trips, which made British Columbia Lottery more confident in its theory that Asian players prefer to work in cash regardless of their field. Mr. Hiller was closely monitoring and examining the issue.
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He wrote a report on famous underground banks in British Columbia in 2014. He made it clear that China's high rollers are fueling the underground economy through gambling activities. The report eventually prompted zero feedback or a response from Crown Corporation's superiors. Hiller is ready to work for the BCLC with his professional experience monitoring heroin trafficking in Asian criminal organizations.
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Investigators identified a previously discussed model in which organized crime syndicates provided high cash for gambling activities, enabling money laundering. In addition, players borrowed money and later returned it to a corresponding criminal organization in China. More money laundering details will be revealed by insiders this week.