Report: independent gaming regulator key to British Columbia casinos’ money laundering woes

A truly independent gambling regulator is necessary if the Canadian province of British Columbia wants to rein in casino money laundering, according to a blistering new government report.

On Wednesday, BC Attorney General David Eby released Dirty Money, a 250-page report prepared by independent investigator Peter German in response to revelations of rampant money laundering by Chinese VIP gamblers at the province’s privately-managed but government-controlled casinos.

German has harsh words for the province’s former Liberal government, which ceded power last year to the new NDP administration, who learned that the Liberals had been actively hiding the scale of the problem. German said the failure to reduce the mind-boggling scale of casino shenanigans was “not of one entity or person, but of the system.” As German acidly notes, “nobody said no.”

German’s principle recommendation is that the British Columbia Lottery Corporation be stripped of its regulatory duties, to be replaced by a new independent gaming regulator with a degree of independence from the government.