Anti-Money Laundering Roles & Responsibilities
BCLC is just one part of the anti-money laundering regime. Our role is to identify and report specified transactions and circumstances to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
While BCLC has a role in the prevention of money laundering, BCLC collaborates with a network of organizations to help protect casinos in B.C. by detecting, investigating and seeking charges against anyone involved in money laundering. BCLC proactively reports information to the appropriate authorities where money laundering concerns arise and cooperates with law enforcement on money laundering investigations.
BCLC contracts with private sector service providers to operate gambling facilities on our behalf and in compliance with all relevant standards, policies, procedures and laws.
The Gaming Policy and Enforcement Branch (GPEB) is the provincial regulator mandated to regulate all gambling in B.C. and ensure the integrity of gambling companies, people and equipment, and investigate 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, while ensuring the protection of personal information under its control. FINTRAC monitors reporting entities, which include banks, credit unions and casinos, for compliance with federal AML laws and regulations.
Finally, there are provincial and federal law enforcement agencies, which are responsible for the investigation of money-laundering offences and providing the evidence needed for the successful 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 gambling facilities safe for players, employees and communities.
Last Updated: May 2, 2019