Ministers in the spotlight

River Rock Casino Money Laundering Charges
River Rock Casino Money Laundering Scam
River Rock Casino Money Laundering Cases

A Cullen Commission of Inquiry into Money Laundering in British Columbia (BC), Canada is currently investigating the BC Lottery Corporation (BCLC) and government ministers over allegations of money laundering at casinos in the province.

Real estate investigation is next for author of B.C. Casino money laundering report. The investigator told of an instance in 2012 when a patron at the River Rock deposited $100,000 in $20 bills.

River Rock Casino and Resort. High-rolling VIP gamblers from China are suspected of walking into River Rock Casino and Resort and laying down buy-ins — sometimes in excess of $500,000 and much of which is unsourced — to wash their proceeds of crime, according to an independent review of anti-money laundering practices in B.C.
Sep 23, 2017 Also, considering the high volume of cash flooding into River Rock, the casino doesn’t have enough staff to follow anti-money-laundering protocols and investigate risks, the report says.

government prioritized gaming revenue over a crackdown on money laundering

As part of this inquiry, investigators have grilled former politicians for their inaction regarding the money laundering issue. The inquiry alleged that the government prioritized gaming revenue over a crackdown on money laundering, turning a blind eye to warnings of the illicit activity.

Speaking with the Cullen inquiry on Friday, former BC finance minister Mike de Jong described those allegations as “offensive”. He told investigators that the province made “serious attempts” to better understand the money laundering issue while he was responsible for BC’s gambling market from 2013 to 2017.

De Jong’s predecessor, Rich Coleman, has also since dismissed the inquiry’s claims. He told the Cullen Commission on Wednesday that he “never once” saw anyone deliberately turn a blind eye to money laundering warnings during his tenure in charge of the industry from 2001.

A widespread investigation

Authorities launched the Cullen Commission in 2019 in response to reports that illegal cash was fueling the gambling, luxury car, and real estate industries in BC. The commission launched its first public hearings to investigate the allegations in February 2020, with a final report due by December 15 this year.

BC Attorney General David Eby commissioned an independent report which found that regulators and operators were turning a blind eye to large cash transactions in the province. The commission found evidence of this at BC’s largest casino, the River Rock Casino, which allegedly failed to report suspicious transactions. The most notable of these saw one casino patron pay CA$1.8m (US$1.5m) in cash over a single week in December 2014.

Prior to the launch of the Cullen Commission, the Canadian government completed a report to assess the extent of the country’s money laundering issues. It estimated that criminals had laundered roughly US$47bn in Canada in 2018.

The commission began questioning the BCLC in February this year, but its attention has since turned to government officials. As former ministers in charge of gaming regulation, Rich Coleman and Mike de Jong have faced scrutiny for their lack of action in combating the issue. This grew particularly worse for Coleman last year, when a police officer turned whistleblower said the ex-minister deliberately ignored the issue for the sake of gaming revenue.

Coleman fights his corner

Coleman had control over the BC gambling industry on and off between 2001 and 2013. During his near-five-hour testimony on Wednesday, he told the inquiry that he did not prioritize money laundering during his tenure because of the prevalence of other issues. Instead, he said officials were more concerned with loan sharks and theft.

It never happened”

That said, he added that the government did not intentionally ignore any warnings of money laundering once the issue began to grow. “There was never ever, that I saw, a point where somebody said, ‘Ignore a revenue stream for the benefit of the government,’” he commented. “It never happened.”

River Rock Casino Money Laundering Charges

The ex-minister also defended his decision to disband an anti-illegal gaming unit in 2009. The government created the body in 2004 to target illegal casinos and black-market poker games. Coleman told the inquiry that the unit “wasn’t that successful”, leading to him distributing its $1m funding elsewhere.

The former minister conceded that money laundering did ultimately become an issue, but he left its handling to the BCLC.

Frustrating claims for de Jong

Meanwhile, during Friday’s hearing, de Jong made clear his opinion on the inquiry’s claims. “It has been very frustrating to, candidly, hear commentary that the government was disinterested in the subject – because fiscal considerations took precedence,” he told investigators. “That’s just not true.”

The former minister said the scale of the money laundering issue only became apparent to him in 2015 during a meeting with BCLC. He said the body spoke “fairly passionately” about the subject, and agreed on the need for intervention. The government subsequently launched the Joint Illegal Gaming Investigation Team to tackle money laundering.

Former BC premier Christy Clark also gave testimony recently. She told investigators earlier this month that she hadn’t received any warning regarding a possible spike in money laundering until 2015. She said the amount of suspicious cash entering casinos was “at an all-time high” when it came to her notice.

As more reports surface surrounding the depth of money laundering allegations at River Rock Casino and Resort in Richmond, the facility’s owner is claiming it has always abided by the law.

Great Canadian Gaming Corporation claims it has “a culture of integrity and transparency.

“Great Canadian follows all procedures required by the British Columbia Lottery Corporation (BCLC) and our other crown partners and regulatory bodies across all of the jurisdictions in which we operate,” stated the casino operator, via a news release Monday.

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“Contrary to suggestions in certain media reports, to our knowledge our company is not under investigation in any jurisdiction. Our employees followed all procedures required of them by BCLC and we do not believe our company’s actions would give cause to initiate any investigation,” it added.

Those media reports stem from the Vancouver Sun revealing an RCMP investigation into money laundering concerns at River Rock. The reports show police on the trail of an underground banking network that funnels local drug money to “whale gamblers” from Macau, China, who are intent on evading capital controls out of that country. The Sun revealed most high rollers are linked to real estate investment in B.C.

The Sun’s investigation followed the release of an independent review on gaming in B.C. that revealed serious concerns inside the River Rock, including floor employees allegedly not following, or understanding, anti-money laundering best practices.

In one month (July 2015), the casino accepted $13.5 million in $20 bills alone, noted the review.

Pertaining to the irregular cash transactions, BCLC said it will await instruction from Gaming Policy Enforcement Branch (GPEB), the provincial regulator, and the Ministry of Finance as to how it may reform in the wake of such revelations.

Great Canadian said it is and always has been on board with following regulations.

“We regularly go beyond our regulatory obligations and proactively undertake investigative work ourselves, providing that information to BCLC. At River Rock Casino Resort, our security and compliance teams work closely