A national public inquiry into money laundering is a good thing no matter which party wins the federal election, says British Columbia’s attorney general. British Columbia Attorney General David Eby looks on during a news conference in Vancouver, Friday, May 24, 2019. THE CANADIAN PRESS/Darryl Dyck

B.C. makes regulatory change in battle against money laundering

Attorney General David Eby says the change addresses concerns raised by former RCMP officer Peter German

The B.C. government is giving the province’s gambling regulator greater independence to set and enforce regulatory policy in the fight against money laundering.

The government says it is transitioning the gaming control and enforcement branch to a new independent gambling control office, which will focus exclusively on regulatory policy related to gambling, horse racing and responsible-gambling programs.

Until this change, the branch has set and enforced policy while also providing advice to the province on business matters involving the B.C. Lottery Corp.

Attorney General David Eby says the change addresses concerns raised by former RCMP officer Peter German in a report done for the provincial government.

ALSO READ: Large cash purchases, ‘lifestyle audits’ to fight money laundering gain support in B.C.

He warned that dual responsibility could create conflicts of interest and impede anti-money laundering measures.

Eby says he expects the change to be effective.

“The IGCO will have the mandate, authority and independence to ensure the overall integrity of gambling in B.C.,” he said in a statement on Wednesday.

“This change will make it far easier to keep dirty money out of our province.”

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Almost 99% less land in B.C. burned this year compared to 2018

2018 was the worst year on record for wildfires

Revelstoke Mountain CoLab will vote on becoming non-profit society

‘We’re more than just a space. We’re a community’

Revelstoke Mountain Resorts breaks ground for new hotel

The new hotel will include 154 rooms, conference space, restaurant, bar, and a fitness/spa facility

Revelstoke RCMP food bank drive raises 4,000 pounds of grub

Demand at the food bank has roughly tripled since the start of the pandemic

Horrifying video shows near head-on collision by Golden

The video was captured on dash cam along Highway 1

The pandemic is widening Canada’s workplace gender gap

Gender pay gap is incentivizing fathers to work while mothers watch children, a new B.C. study has found

Deer and moose die after being chased by dogs in South Okanagan

BC conservation officers are asking the public to control their pets

3 people dead in Prince George motel fire

Fire personnel believe the blaze was suspicious although investigation in early stages

Man found dead on Okanagan trail identified as Hollywood actor

GoFundMe campaign launched for man found dead at summit of Spion Kop

B.C. sets terms to review police, mental health, race relations

MLAs to recommend Police Act changes by May 2021

Trail RCMP officer accused of criminal harassment, forcible entry

BCPS: The charges against Murchie date between 2017 and 2020

LETTER: Customer service builds strong support

Company showed positive attitude and swift response

Feds announce $8.3M to deal with ‘ghost’ fishing gear in B.C. waters

Ghost gear accounts for up to 70 per cent of all macro-plastics in the ocean by weight

Most Read