Inquiry hears concerns at B.C. casinos rose as 2010 Olympics neared

Inquiry hears concerns at B.C. casinos rose as 2010 Olympics neared


Article content continued

He said he wasn’t making excuses for the police, but staffing issues at the RCMP’s now disbanded Integrated Illegal Gaming Enforcement Team were “evident.”

Vander Graaf, who said he was fired in 2014 by the B.C. government, said the suspicious cash started appearing at casinos in 2007 and three years later it reached the point where loan sharks connected to organized criminals were waiting in parking lots with bags packed with $20 bills.

“It was like a drive-in,” he said. “There’s no question, where there are loan sharks there was money laundering and when the money laundering picked up, the loan sharks activity picked up.”

The B.C. government launched a public inquiry following several reports that concluded hundreds of millions of dollars in illegal cash was impacting B.C.’s real estate, luxury vehicle and gaming sectors.

Vander Graaf said his agency wanted limits put on the amounts of cash in $20 bills being used at the casinos to buy chips but the Crown-owned B.C. Lottery Corp. did not impose a limit.

“The integrity of gaming was being compromised and we feel we had to take action,” he said.

“I still believe to this day … when we have the integrity of gaming being impacted by large cash infusions that are in $20,000 bundles with elastic bands around it, that there should have been action in relation to stopping that at the casinos.”

Vander Graaf said the lottery corporation did not make a cash amount order because it could not be proven beyond a reasonable doubt that the money was from proceeds of crime or money laundering.



Source link

get a room cheap

saving people money in the travel industry for decades.

Leave a Reply

Close Menu