{"id":87005,"date":"2018-08-30T14:00:50","date_gmt":"2018-08-30T21:00:50","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=87005"},"modified":"2018-08-30T12:06:02","modified_gmt":"2018-08-30T19:06:02","slug":"report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/","title":{"rendered":"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions"},"content":{"rendered":"

A new report surfaced this week suggesting that employees of a British Columbia (BC) casino allegedly shredded paper records of large cash transactions that were made by VIP customers.<\/p>\n

\"BC
Vancouver\u2019s River Rock Casino is alleged to be the site of serious financial transgressions. (Source: Tourism Vancouver)<\/figcaption><\/figure>\n

It\u2019s the latest bombshell to drop in a province that has been plagued by money laundering scandals in recent months.<\/p>\n

Global news has obtained an April 2017 email sent by the BC Lottery Corporation (BCLC), the body which regulates the gaming sector in the province. The email requested a meeting with executives from Great Canadian Gaming (GCG), the company which owns Vancouver\u2019s River Rock Casino, to talk about “large cash transaction compliance.\u201d<\/p>\n

The email was sent by BCLC vice-president Robert Kroeker.<\/p>\n

\u201cBCLC takes its compliance responsibilities very seriously,\u201d Kroeker wrote in the email\u201d \u201cAnd in particular those obligations around anti-money laundering, terrorist financing, and personal privacy. I wish to make sure there is no misunderstanding as to the nature and importance of the discussion scheduled for next week.\u201d<\/strong><\/p><\/blockquote>\n

Vanishing Cash Transactions<\/strong><\/h2>\n

According to a Global News source that was at that meeting, BCLC officials laid out allegations that River Rock employees shredded records of large cash transactions.<\/p>\n

While the sums were significant, they were still kept under $10,000. That\u2019s a key figure because any amount higher than that made over a 24-hour period must be reported to the Financial Transactions and Reports Analysis Center (FINTRAC), the body which regulates all corporate transactions in Canada.<\/p>\n

Even though the money exchanges were believed to be under the $10,000 reporting limit, shredding documents would theoretically allow casino customers to move more than the $10,000 limit over a 24-hour period. The BCLC suspects that financial documents were being shredded after one transaction of less than $10,000, opening the door for another similar transaction to be made later that same day, thereby avoiding it having to be reported to FINTRAC.<\/p>\n

In a prepared statement, GCG officials insist that it maintains electronic copies of all transactions and that it \u201cundertakes to be in compliance with all regulations.\u201d<\/strong><\/p>\n

BC\u2019s Bad Look<\/strong><\/h2>\n

It\u2019s another big black eye for a province that has been rocked by gaming scandals in recent months.<\/p>\n

In late June, Attorney General David Eby released a report titled \u201cDirty Money,\u201d in which it was revealed that BC casinos were being used by international criminal gangs<\/a> to launder their dirty money.<\/p>\n

Security video from the River Rock casino showed customers plunking down huge bags of money at the cashier cage. Eby alleged that the previous BC government knew about the activity but turned a blind eye in the name of much-needed revenue.<\/p>\n

Even the investigation itself has turned controversial, as the man leading the probe, Peter German, is being accused of a conflict of interest due to the fact that he sits on the same board as a GCG executive.<\/p>\n

Meanwhile, a secondary probe is looking into how all that dirty money may have filtered<\/a> into the Vancouver\u2019s real estate market, potentially contributing to an ongoing housing crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"

A new report surfaced this week suggesting that employees of a British Columbia (BC) casino allegedly shredded paper records of large cash transactions that were made by VIP customers. It\u2019s the latest bombshell to drop in a province that has been plagued by money laundering scandals in recent months. Global news has obtained an April […]<\/p>\n","protected":false},"author":37,"featured_media":87006,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,18,1],"tags":[],"acf":[],"yoast_head":"\nReport Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions<\/title>\n<meta name=\"description\" content=\"A BC casino is alleged to have shredded the paper transactions for large sums of money, allowing some customers to skirt Canadian rules around financial reporting.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions\" \/>\n<meta property=\"og:description\" content=\"A BC casino is alleged to have shredded the paper transactions for large sums of money, allowing some customers to skirt Canadian rules around financial reporting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-30T21:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-30T19:06:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cort Smith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cort Smith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/\",\"url\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/\",\"name\":\"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg\",\"datePublished\":\"2018-08-30T21:00:50+00:00\",\"dateModified\":\"2018-08-30T19:06:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/20db7dec4c6b349b19992217f9a7df7d\"},\"description\":\"A BC casino is alleged to have shredded the paper transactions for large sums of money, allowing some customers to skirt Canadian rules around financial reporting.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg\",\"width\":2560,\"height\":1700,\"caption\":\"Vancouver\u2019s River Rock Casino is alleged to be the site of serious financial transgressions. (Source: Tourism Vancouver)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rumors\",\"item\":\"https:\/\/www.casino.org\/news\/rumors\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/20db7dec4c6b349b19992217f9a7df7d\",\"name\":\"Cort Smith\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/cort-smith-96x96.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/cort-smith-96x96.jpg\",\"caption\":\"Cort Smith\"},\"description\":\"Reporter \u2012 Sports and Sports Betting, Gaming Legislation, Global Casino Business, Canadian Gaming Industry Cort Smith joined Casino.org as a news writer in 2018. His media background began with the Global News Network in Canada, where he served as producer, reporter, and anchor between 2000 and 2016, working on national broadcasts. An avid fantasy football player, his work has also been featured on fantasy analytic sites like RotoViz.com and numberFire.com. Cort has been writing sports betting analysis for The Action Network since the 2018 NFL season kicked off as well. A passionate world traveler, he has spent extensive time in Asia, Australia, and the EU. He enjoys poker and is a hardcore Edmonton Oilers and Denver Broncos fan. Cort lives in British Columbia, where he can be found fly fishing when he\u2019s not writing and following sports.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/cort-smith\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions","description":"A BC casino is alleged to have shredded the paper transactions for large sums of money, allowing some customers to skirt Canadian rules around financial reporting.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions","og_description":"A BC casino is alleged to have shredded the paper transactions for large sums of money, allowing some customers to skirt Canadian rules around financial reporting.","og_url":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-08-30T21:00:50+00:00","article_modified_time":"2018-08-30T19:06:02+00:00","og_image":[{"width":2560,"height":1700,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg","type":"image\/jpeg"}],"author":"Cort Smith","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Cort Smith","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/","url":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/","name":"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg","datePublished":"2018-08-30T21:00:50+00:00","dateModified":"2018-08-30T19:06:02+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/20db7dec4c6b349b19992217f9a7df7d"},"description":"A BC casino is alleged to have shredded the paper transactions for large sums of money, allowing some customers to skirt Canadian rules around financial reporting.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/RiveR-Rock-Property-email-cde7c9ae5056b3a_cde7cb4a-5056-b3a8-49b40192e90b1833-scaled.jpg","width":2560,"height":1700,"caption":"Vancouver\u2019s River Rock Casino is alleged to be the site of serious financial transgressions. (Source: Tourism Vancouver)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/report-says-bc-casinos-illegally-shredded-paper-documents-for-large-financial-transactions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Rumors","item":"https:\/\/www.casino.org\/news\/rumors\/"},{"@type":"ListItem","position":3,"name":"Report Says BC Casinos Illegally Shredded Paper Documents for Large Financial Transactions"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/20db7dec4c6b349b19992217f9a7df7d","name":"Cort Smith","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/cort-smith-96x96.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/02\/cort-smith-96x96.jpg","caption":"Cort Smith"},"description":"Reporter \u2012 Sports and Sports Betting, Gaming Legislation, Global Casino Business, Canadian Gaming Industry Cort Smith joined Casino.org as a news writer in 2018. His media background began with the Global News Network in Canada, where he served as producer, reporter, and anchor between 2000 and 2016, working on national broadcasts. An avid fantasy football player, his work has also been featured on fantasy analytic sites like RotoViz.com and numberFire.com. Cort has been writing sports betting analysis for The Action Network since the 2018 NFL season kicked off as well. A passionate world traveler, he has spent extensive time in Asia, Australia, and the EU. He enjoys poker and is a hardcore Edmonton Oilers and Denver Broncos fan. Cort lives in British Columbia, where he can be found fly fishing when he\u2019s not writing and following sports.","url":"https:\/\/www.casino.org\/news\/author\/cort-smith\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/87005"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=87005"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/87005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/87006"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=87005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=87005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=87005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}