BC Gaming Industry Association Applauds Appointment of Independent Expert to Review Anti-Money Laundering Practices at BC Casinos

VANCOUVER, Oct. 4, 2017 /CNW/ - Members of the BC Gaming Industry Association (BCGIA) adhere to all requirements of British Columbia's Gaming Control Act and Regulations as well as detailed and rigorous policies and procedures as prescribed by the British Columbia Lottery Corporation (BCLC), the Gaming Policy and Enforcement Branch (GPEB) and the Financial Transactions and Analysis Centre of Canada (FINTRAC).

On September 28, 2017, Attorney General David Eby announced the appointment of Peter German to head up a review of the province's anti-money laundering policies and practices. While the review is due in March 2018, Mr. German has been asked to provide his recommendations to government as they are developed instead of waiting to complete the report. 

The BCGIA is very supportive of the review and the appointment of Mr. German given his expertise and related experience.  Furthermore, we are pleased with the sense of urgency the Minister is bringing to bear to ensure this review is dealt with swiftly and appropriately.

In order to remain relevant and effective, compliance and regulatory structures must continually evolve and improve to address new challenges.  We believe that the Minister's review will serve to accomplish this purpose and welcome the opportunity to provide our support.

ABOUT THE BC GAMING INDUSTRY ASSOCIATION:

The BC Gaming Industry Association (BCGIA) represents 13 of 16 private sector gaming operators that manage 38 gaming properties and generated over $1.8 billion in gaming revenue for the BC Lottery Corporation in 2016/17.  BCGIA members manage casinos, community gaming centres, bingo centres and horseracing, as well as non-gaming amenities such as food and beverage facilities, show theatres, conference centres and hotels. For more information about the BC Gaming Industry Association, please visit our website: bcgia.com

SOURCE BC Gaming Industry Association

Media Contact: Peter Goudron, executive director, BC Gaming Industry Association, [email protected]