BCLC welcomes Commissioner Austin Cullen’s final report from the Commission of Inquiry into Money Laundering in British Columbia.
“I would like to thank Commissioner Cullen and his team for their substantial work on the important issue of money laundering across multiple sectors of B.C.’s economy,” said Greg Moore, BCLC Board Chair. “As Commissioner Cullen noted in his report, the industry is in a better place where the issue of illicit cash is taken seriously and adequately addressed by BCLC, which he noted has taken ‘significant and appropriate efforts’ to address suspicious transactions and money-laundering activity in B.C. casinos.”
As the report has just been released, BCLC will now be reviewing it and supporting government’s work to respond to the recommendations.
“BCLC has completed significant work with government in recent years to strengthen safeguards that protect B.C. casinos from financial crimes, and we are ever committed to building on that momentum to help stamp out crime from our communities,” said Marie-Noelle Savoie, BCLC Chief Compliance Officer and Vice President of Legal, Compliance and Security. “We are determined to continually improve our programs and work in lockstep with our partners in the anti-money laundering regime to obstruct the sophisticated and ever-evolving tactics of criminals who attempt to target our communities.”
BCLC supported the provincial government’s decision to establish an Inquiry and worked cooperatively with Commissioner Cullen throughout the entirety of the process. As the Crown corporation responsible for managing commercial gambling entertainment for the Province, BCLC was granted standing in the Inquiry in relation to the gaming and horse racing sectors.