Anti-Money Laundering Roles and Responsibilities
BCLC is just one part of the anti-money laundering regime. We collaborate with a network of organizations, each of which has a specific role in safeguarding B.C. casinos from money laundering. The following organizations play a significant role in keeping B.C. casinos safe for players, employees and communities:
BCLC is responsible for identifying and reporting suspicious transactions to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). We take steps to detect potential concerns, alert the authorities, and cooperate with law enforcement as it investigates and seeks charges against suspected money launderers.
Service Providers are contracted by BCLC to operate gaming facilities including casinos, bingo halls and community gaming centres under the oversight of BCLC, and are responsible for complying with all relevant laws, and BCLC directives, standards, policies and procedures.
The Gaming Policy and Enforcement Branch (GPEB) is the provincial authority mandated to regulate the overall integrity of gaming in B.C., including gaming service providers, employees and equipment, and to investigate related allegations of wrongdoing.
FINTRAC is Canada’s financial intelligence unit, mandated to facilitate the detection, prevention and deterrence of money laundering and financing of terrorist activities. FINTRAC is also responsible for monitoring reporting entities which include banks, credit unions and casinos, for compliance with federal AML laws and regulations.
Provincial and federal law-enforcement agencies investigate suspected money-laundering offences and provide evidence needed for the prosecution of criminal charges. In some instances, they are assisted by municipal police which play a supportive role in investigations.
All of the above organizations play a significant role in keeping B.C. casinos safe for players, employees and communities.
Did you know?
BCLC invests substantial resources to continuously monitor and improve our anti-money laundering program
Last Updated: Dec 19, 2019