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

Fernie Skating Club performs annual show

On Saturday, February 18, the Fernie Skating Club braved the cold, and… Continue reading

Outstanding support for Blankman family

“There’s no shortage of support in this town if you need it,” said Maggie.

Ghostriders accelerating towards playoffs

Fernie’s first playoff game of the season is this Sunday, February 25 in Sparwood.

City of Cranbrook culls 50 urban deer

In an effort to reduce incidents of deer aggression across the community,… Continue reading

Fernie Snow Drags; an ongoing tradition

Like wild animals filled with an everlasting rage, sleds flew down the… Continue reading

VIDEO: What you need to know today at the B.C. Games

B.C. Winter Games athletes work for gold in the last full day of competition

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Fly Fishing Film Fest coming to Fernie, March 1st

On March 1, the doors will open at The Vogue Theatre to… Continue reading

BCHL Today: Cowichan Caps play spoiler and Nanaimo wins 10th straight game

BCHL Today is a (near) daily look at what’s going on around the league and the junior A world.

Federal budget to unveil incentive for 5-week second parent leave: official

Goal behind the measure is to give parents more incentive to share child-rearing responsibilities

Notley says Alberta watching B.C. court bid closely, will get no free ride on it

Alberta Premier Rachel Notley ended the three-week ban on B.C. wine, calming the trade war

Trudeau ends troubled India trip in his comfort zone of hockey and youth

The players, 18-25, came to New Delhi from Ladakhi in northern India, as part of outreach program

OLYMPIC ROUNDUP: Kim Boutin named Canada’s flag bearer for closing ceremony

Two more medals for Canada, including the bronze in men’s hockey

Team Canada’s Dave Duncan apologizes after drunken joyride in Pyeongchang

Duncan, his wife Maja and Canadian technical coach William Raine detained by South Korean police

Most Read