B.C. is investigating possible money laundering in Lower Mainland casinos. (Black Press files)

Cash rules tightened for B.C. casinos

Gamblers must report source for buy-ins of $10,000 and up

New rules are in effect for B.C. casinos to keep track of high rollers.

Effective Wednesday, all cash, bank drafts and certified cheque buy-ins worth $10,000 or more have to be accompanied by a receipt showing the financial institution, branch number and account number the money came from. B.C. Lottery Corporation says the rule also applies to a series of transactions by any player totalling more than $10,000 over a 24-hour period.

An investigation is triggered if the player won’t provide the information or gives information that is “clearly suspicious,” BCLC said in a statement.

The new rule is in addition to the detailed identification casino staff collect on customers spending more than $10,000. It is one of the interim recommendations provided by Peter German, an expert on money laundering hired last year by B.C. Attorney General David Eby to review the security at B.C. casinos. An earlier review discovered several suspicious transactions, including $13.5 million in $20 bills accepted at the River Rock Casino in Richmond in 2015.

German, a lawyer and former deputy commissioner of the RCMP, is expected to submit his final report this spring.

Just Posted

UPDATE: Tsunami warning cancelled for coastal British Columbia

Warning issued following 7.9 earthquake off Kodiak, AK

Coordinated search finds missing Kelowna boy

All available police resources were called in to help find a missing boy Monday afternoon

Kelowna students leave for downhill challenge

A group of students from UBCO is ready for annual concrete toboggan race

Kelowna’s Serwa named to Olympic team

Kelsey Serwa is one of eight Canadian ski cross athletes headed to PyeongChang

Vernon Search & Rescue find lost snowmobiler

Male, 19, went missing in Hunter’s Range area near Enderby

Testing the Google Arts & Culture app

Going face to face with art

Slayer adds Penticton to North American tour

Slayer adds the South Okanagan Events Centre as a stop on their last tour

‘Shape of Water’ producer, Christopher Plummer among Canadian Oscar nominees

Guillermo del Toro film about merman romance earns 13 nominations

Vancouver Canucks confirm participation in NHL Young Stars

Canucks confirmed participation, at least for this year, in the NHL Young Stars event in Penticton

Canada, TPP agrees to revised deal without the United States

Canada and the remaining members of the Trans-Pacific Partnership have agreed to a revised trade agreement

Tsunami warnings 101: Canada

Here are some things to know about tsunami alerts in Canada and how they work

Rogers Media cuts ties with Vice Canada

Rogers Media and Vice Canada are ending their three-year-old partnership, pulling Viceland TV channel off the air

Snowfall warnings for mountain passes

Lots of snow expected to fall today.

Most Read