B.C. Casinos Welcomed Unregulated Cash Transactions, Cullen Commission Hears
B.C. Casinos Welcomed Unregulated Cash Transactions, Cullen Commission Hears. Several senior executives of the British Columbia Lottery Corporation have given their testimonies in last week’s inquiry. The Cullen commission is drilling down to find out if the Crown corporation deliberate or non-deliberate inaction on the matter.
B.C. Casinos Welcomed Unregulated Cash Transactions, Cullen Commission Hears. The corporation did not want to implement the proposed source-of-income directive because certain clients preferred to keep their identity as a secret. The suspicious cash was rumored to have originated from Vancouver’s deadly drug trade or from organized Chinese crime groups.
According to Mr. Lightbody, the casino could not prove that the source of cash originates from criminal activities. Paul King Jin was banned from the premises, but he continued to provide cash to players. Terry Towns, who was head of compliance and security until 2012, was replaced with Brad Desmarais in 2013.
BCLC's senior operatives were worried about the image of the gambling industry. Rod Baker and Michael Graydon of Vancouver Edgewater Casinos were one of first to raise the issue.
BCLC staff did not warn the provincial gaming minister about washing money on casino's premises. Former board chair Bud Smith denies that he didn't inform the minister.