The massive Pirate money laundering endeavor of the RCMP in British Columbia fell flat, but Ontario’s gambling regulator is in no mood to stop investigation into River Rock Casino of Richmond which got embroiled in money laundering with Asian links.
The case was filed late in 2018 against an underground bank in Richmond with allegations of $1 billion money laundering. Later the identity of a cop informant was accidentally revealed- leading to hold on the case.
However, the other RCMP investigations aimed at cracking the large scale Chinese organized crime ring have not stopped. The alcohol and gaming authority of Ontario opened the probe 2 years back. The AGCO investigators tried to analyze how River Rock employees could allow the suspects punters to launder money by means of casino chip purchases. It led to revelation of company’s stock sell-off and a dubious 200,000 transaction involving a banned VIP customer.
The River Rock VIP case is worrisome because huge amounts of precious BCLC chips left the gambling establishment sans wagering. It is a sign of money laundering activities.
Another probe carried out by the Joint Illegal Gaming Unit of RCMP launched in 2016 focused on the Chinese Triad members laundering funds through Metro Vancouver casinos and Richmond’s underground gambling rings. After 9 suspects were caught, it was transferred to Crown prosecutors.
The RCMP alleged the Richmond loan sharks had ties to wealthy Macau gamblers and gave them hockey bags loaded with cash obtained from drug trafficking. The VIPs purchased River Rock chips with these ‘loans’ and its source remains unclear.
JIGIT’s case linked the chips of River Rock to later targets of e-Pirate. The RCMP has seized chips worth $17,000 from that so called Richmond underground bank. The case is unsolved, but the complications are increasing- as is clear from the developments.