The casinos in British Columbia have been coping with the menace of money laundering. The aftermath of money laundering scandals haunting the industry for 3 years took its toll and it has led to a number of new measures. The corrective steps, however have caused a downfall in casino revenues.
A number of casinos in BC have faced the hassle of pervasive criminal activity and it led to a government investigation. The much talked about B.C. money laundering probe revealed more gory details. It was felt more corrective steps were required to counter the gambling problems.
One such move is the development of an anonymous tip website where people can report suspicious activity. This will aid the authorities in controlling casino crime.
David Eby, the BC Attorney General stressed on the need to combat casino money laundering and said the online portal is a new weapon for that. It is an anonymous yet secure way to let the British Columbians aid the government to crack down on such activities.
However, not all such moves lead to much success. The new rules launched in early 2018 on cash transaction source disclosure at the B.C. casinos led to much dispute. The dispute between Canadian rapper Drake and B.C. casino Park Vancouver made lots of headlines. At that time, the casino got the strong support of David Eby.
These new rules are prompting many casino establishments to think of the problems that may be caused. The new moves therefore can be detrimental for some such establishments.
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