The RCMP believes one such illegal underground banking network, based in Richmond, BC, would routinely lend cash to Chinese high-rollers to gamble at the River Rock Casino, with nocturnal \u2018drop-offs\u2019 becoming the casino\u2019s environs a regular occurrence.<\/p>\n
Meanwhile, the casino has been accused of regularly accepting cash deposits of over C$500,000 without filing reports, despite laws requiring financial regulators to be notified of all transactions over C$10,000.<\/p>\n
The network has been linked to accounts in Mexico and Peru that were allegedly used by drug dealers to buy cocaine, as well as Iranian businesses that the RCMP claims are involved in the financing of terrorist networks.<\/p>\n
Great Canadian COO Terrance Doyle told the Globe and Mail this week that his company “has a culture of integrity and transparency founded on our strict compliance with the regulations in all jurisdictions where we do business, including Ontario.\u201d<\/p>\n
“To be clear, to our knowledge our company is not under investigation in any jurisdiction,” he added.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
Ontario\u2019s Alcohol and Gaming Commission (AGCO) has launched a regulatory review of Great Canadian Gaming Corp, following investigations of alleged money laundering at its flagship River Rock property in Richmond, British Columbia. Ontario is in the process of expanding and privatizing its casino operations, and Great Canadian, which already operates five casinos in the province, […]<\/p>\n","protected":false},"author":42,"featured_media":65616,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13,18],"tags":[],"acf":[],"yoast_head":"\n
Ontario Launches Money Laundering Probe into Great Canadian\u2019s Toronto Ops \u00a0<\/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