Audit: BC casinos allow Chinese VIPs to ‘refine’ dirty money

British Columbia casinos are facing fresh allegations of enabling suspected money laundering by Chinese VIP gamblers.

Last month, BC’s attorney general released a 2016 report that was buried by the province’s former Liberal government suggesting rampant money laundering at BC casinos, particularly the River Rock Casino Resort in suburban Vancouver. The allegations had gone largely unaddressed by the British Columbia Lottery Corporation (BCLC), which has responsibility for the province’s casino operations.

On Monday, the Vancouver Sun posted a follow-up report based on a 2016 audit by the province’s Gaming Policy Enforcement Branch (GPEB) that Postmedia obtained via a freedom of information request. The audit unveils still more unflattering details of the provincial regulator’s tepid response to evidence of financial shenanigans involving Chinese VIPs.

Among the new revelations is that three BC casinos knowingly allowed gamblers to buy C$6.7m (US $5.35m) worth of chips in 2015 using money from BC-based private lenders that were under BCLC anti-money-laundering restrictions for, among other things, suspected links to drug trafficking operations. River Rock accepted 79% of these questionable funds, while the Starlight Casino in New Westminster and the now-shuttered Edgewater Casino in Vancouver handled the rest.