Commission of Inquiry into Money Laundering in B.C.
BCLC supports the Provincial Government’s decision to establish an Inquiry and will continue to cooperate with Commissioner Cullen, in accordance with the Inquiry’s Rules of Practice and Procedure, throughout the entirety of the process.
In May 2019, the Provincial Government announced the Commission of Inquiry into Money Laundering in British Columbia. The Commission’s mandate is to make findings of fact and recommendations regarding the issue of money-laundering across multiple sectors of B.C.'s economy.
As the Crown corporation responsible for managing gambling entertainment for the Province, BCLC was granted standing in the Public Inquiry in relation to the gaming and horse racing sectors.
In February 2020, BCLC, represented by its lead counsel Mr. William Smart, Q.C., Hunter Litigation Chambers Law Corporation, delivered its opening statement.
The Commission delivered an interim report on November 15, 2020 and is required to deliver a final report on December 15, 2021.
BCLC continues to contribute to the Inquiry’s work to find solutions to the threat that money laundering poses, while also helping British Columbians better understand BCLC’s specific role in the anti-money laundering regime, and the actions it has taken and continues to take to improve anti-money laundering controls in B.C. casinos.