Commissioner Austin Cullen, back centre, listens to introductions before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia, in Vancouver, Monday, Feb. 24, 2020. A former British Columbia gaming policy official says the concerns about increasing amounts of suspicious cash and its possible links to money laundering at casinos started rising as the province was preparing to host the 2010 Winter Olympics. THE CANADIAN PRESS/Darryl Dyck

Commissioner Austin Cullen, back centre, listens to introductions before opening statements at the Cullen Commission of Inquiry into Money Laundering in British Columbia, in Vancouver, Monday, Feb. 24, 2020. A former British Columbia gaming policy official says the concerns about increasing amounts of suspicious cash and its possible links to money laundering at casinos started rising as the province was preparing to host the 2010 Winter Olympics. THE CANADIAN PRESS/Darryl Dyck

Inquiry hears money laundering concerns at B.C. casinos rose as 2010 Olympics neared

Larry Vander Graaf told the public inquiry into money laundering there was an increase in suspected illegal money

A former British Columbia gaming official says concerns were raised as larger amounts of suspicious cash with possible links to money laundering began showing up at casinos while the province prepared to host the 2010 Winter Olympics.

Larry Vander Graaf told the public inquiry into money laundering there was an increase in suspected illegal money at casinos at the same time the RCMP was preparing to mount Canada’s largest-ever security effort to police the Olympics.

The former executive director of the B.C. Gaming Policy Enforcement Branch says staffing issues on the policing side were evident as the RCMP prepared for the Games, but serious concerns were also appearing at casinos.

Vander Graaf says investigators started noticing more suspicious cash at casinos beyond lone-sharking activities in 2007, and by 2010 the casinos were “like a drive-in” where bags of $20 bills were being delivered to parking lots.

He says he started raising concerns that B.C. casinos were being used as vehicles for money laundering because people were buying $10,000 worth of gaming chips with bundles of $20 bills wrapped in elastic bands.

The B.C. government launched a public inquiry following several reports that concluded hundreds of millions of dollars in illegal cash was fuelling B.C.’s real estate, luxury vehicle and gaming sectors.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

money laundering

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

Just Posted

Toronto Public Health nurse Lalaine Agarin makes preparations at Toronto’s mass vaccination clinic, Jan. 17, 2021. THE CANADIAN PRESS/Frank Gunn
3 deaths, 234 new cases of COVID-19 in Interior Health over the weekend

One death connected to outbreak at Kamloops’ Royal Inland Hospital, where 20 patients and 28 staff have tested positive

People skate on a lake in a city park in Montreal, Sunday, January 10, 2021. THE CANADIAN PRESS/Graham Hughes
The end of hugs: How COVID-19 has changed daily life a year after Canada’s 1st case

Today marks the one year anniversary of COVID-19 landing in Canada

A member of the Avalanche Canada South Rockies field team gathers important snowpack data that is used to produce daily avalanche forecasts for the region. (Photo by Jennifer Coulter)
Avalanche Canada receives $180k for office renovations

The money was granted through Community Gaming Grant

The rocks are painted and then hidden around town. Those who find them can keep them, leave them where they are or hide them elsewhere. (Submitted)
Spreading love and kindness in Nakusp

New group launched to nurture rock painting and hunting community

Crews with Discovery Channel film as an Aggressive Towing driver moves a Grumman S2F Tracker aircraft around a 90-degree turn from its compound and onto the road on Saturday, Jan. 23, 2021. It was the “most difficult” part of the move for the airplane, one organizer said. (Jenna Hauck/ Chilliwack Progress)
VIDEO: Vintage military plane gets towed from Chilliwack to Greater Victoria

Grumman CP-121 Tracker’s eventual home the British Columbia Aviation Museum on Vancouver Island

Heather Barker. (File)
Manslaughter charge laid in Vernon woman’s 2018 death

Shaun Ross Wiebe, 43, faces manslaughter and assault charges related to the death of Heather Barker

Zaudanawng “Jay-Dan” Maran in his Creston home. Hanging on the wall behind him is a logo of Kachin’s Manaw festival. Photo: Aaron Hemens
From Myanmar to Creston: The story of a refugee

In October 2007, Zaudanawng “Jay-Dan” Maran and his friends encountered a woman being sexually assaulted by two Myanmar soldiers.

Protesting farmers and their families gather around a bonfire to mark the harvest festival, which is called Lohri, on a blocked highway in protest against new farm laws on the outskirts of New Delhi, India, Wednesday, Jan. 13, 2021. Changes in India’s farm laws could potentially open up one of the world’s most populous markets and are being closely watched by Canada’s agricultural and economic sectors, say experts. THE CANADIAN PRESS/AP-Altaf Qadri
UBCO students asking for support in raising funds for Indian farmers

UBCO’s Bhangra Club and Punjabi Student Association are raising funds for Khalsa Aid

Kamloops This Week.
48 COVID-19 cases and one death associated with outbreak at Kamloops hospital

One of the 20 patients infected has died, meanwhile 28 staff with COVID-19 are isolating at home

The City of Vernon is sending a letter to the provincial government to request that church be deemed an essential service amid the pandemic. (Brendan Shykora - Morning Star)
Vernon mayor scolded for revealing stance on making church essential

Coun. Scott Anderson calls Cummings’ actions ‘arrogant’

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

The scene of a serious crash on Highway 33 in Kelowna that killed one and severely injured two others on June 20, 2018. (File)
Driver found guilty of causing death, injury in 2018 Kelowna crash

Travis Ryan Hennessy will face sentencing at a later date

(Michael Rodriguez - Capital News staff)
Downtown stairwell fire suspicious, Kelowna RCMP say

Crews were called to Gotham Nightclub for a report of a stairwell fire

Most Read