Typically, Vancouver Model operations receive cash from drugs cartels and other criminal outfits who are paid an equivalent sum via bank transfer. Meanwhile, these operations also get payments into Chinese bank accounts from Chinese VIP gamblers, who want to circumvent strict controls on moving money out of the country.<\/p>\n
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When the gamblers arrive in Canada on casino junkets, they are repaid in dirty money. This is then accepted by local casinos and converted into chips, often in violation of anti-money laundering directives. It can then be cashed out, usually in check form.<\/p>\n<\/div>\n
The prosecution of Jian and Silver International was billed as Canada\u2019s biggest money laundering case until it collapsed in 2018. Prosecutors accidentally released the name of a key government informant to the defense during a routine evidence disclosure. The presiding judge ruled that to continue with the prosecution would put the witness \u201cat risk of death.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Vancouver police have charged a man with the murder of the alleged money launderer Jian\u00a0Jun Zhu. Authorities believe Jian washed hundreds of millions of dollars in drug money through British Columbia casinos. Richard Charles Reed, 23, is accused of firing the bullet that killed Jian, who was shot dead while dining at the Manzo Itamae […]<\/p>\n","protected":false},"author":36,"featured_media":192486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"acf":[],"yoast_head":"\n
Man Charged with Murder of Alleged Money Laundering Kingpin<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n