“I’m not a casino professional, and I’m first to admit that this was all new to me,” he said when his credentials were questioned.
B.C. Attorney-General David Eby hired him in 2017 to produce two reports — the first on money laundering in casinos, and the second on the risks to other sectors of the economy. In particular, German called for the establishment of a dedicated police force to combat financial crime and for casinos to focus their due diligence and compliance strategies on risk assessment and a player’s source of funds, not arbitrary prescriptive measures.
It was pointed out that BCLC had focused on sourcing a player’s wealth for years before his first report. “Clearly, money was coming over from China and it was being brokered through underground bankers,” he claimed. “We know that — that was information provided by the RCMP. They were very clear on that. They actually refer to China specifically.
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