heard Wednesday that apparently, at its height, casinos were swamped with $63 million in the first nine months of 2012 alone — $44 million in $20 bills.
The Mounties’ internal structure was also a challenge even in the face of the crime wave associated with theTo deter what he saw initially as a rising problem with loan-sharks and the amounts of money involved, he sent a couple of uniforms through the casino once a week. Gordon Friesen, another former RCMP officer who was B.C. Lottery Corp.’s manager of investigations until 2014, said money-laundering was on his radar by 2008 — “the loan-sharks were red flags.”
Without actual proof, they could not stop casino patrons arriving with duffel bags of cash, no matter their gut feelings. The RCMP and the Gaming Policy and Enforcement Branch of the government “had to pick up the ball if they wanted to,” Friesen said. “We couldn’t force anyone to do anything.” You could bet $500 per place in a game when he started in 2005, Friesen said. When he left in 2014, it was $10,000. In baccarat, you could bet on 10 places, he added — that’s $100,000 a play, and a play could be over in a blink.Article content continued
One player made three big buy-ins over a few days totalling $1 million, all but $8,000 in $20 bills. Could he think of a legitimate source for so many $20 bills?
Yeah the River rock Casino’s been known for money laundering big time
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