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Vancouver is also more than happy to help you out https://www.sanctions.io/blog/the-vancouver-model-of-money-laundering https://www.sanctions.io/blog/the-vancou
by nikanj 2y ago
Vancouver is also more than happy to help you out https://www.sanctions.io/blog/the-vancouver-model-of-money-laundering https://www.sanctions.io/blog/the-vancouver-model-of-money-l...
- lurk2 2y agoThere have been changes in recent years that complicate this model because you are now required to register the beneficial (meaning the de facto, not de jure) owner of real property in BC. There was also an investigation into the casinos which culminated in the Dirty Money report [0]. Quite a few reforms came about as a result of that, chief among them that a source of funds declaration is required on buy-ins of $10,000 or more and mandatory identity verification is required on transactions of $3,000 or more. > At B.C. casinos, BCLC requires anyone buying-in with cash, a bank draft, or a certified cheque of $10,000 or more in a 24-hour period to complete a source of funds declaration and provide proof of where the money came from. Suspicious transactions in B.C. casinos have declined since this policy was introduced. Additionally, BCLC requires casinos to verify people’s identities for all buy-ins of $3,000 or more in a single transaction. [1] [0]: https://news.gov.bc.ca/files/Gaming_Final_Report.pdf https://news.gov.bc.ca/files/Gaming_Final_Report.pdf [1]: https://www2.gov.bc.ca/gov/content/justice/anti-money-laundering/gambling https://www2.gov.bc.ca/gov/content/justice/anti-money-launde...
- msie 2y agoSpreading misinformation hurts everyone.