A national public inquiry into money laundering is a good thing no matter which party wins the federal election, says British Columbia’s attorney general. British Columbia Attorney General David Eby looks on during a news conference in Vancouver, Friday, May 24, 2019. THE CANADIAN PRESS/Darryl Dyck

B.C. makes regulatory change in battle against money laundering

Attorney General David Eby says the change addresses concerns raised by former RCMP officer Peter German

The B.C. government is giving the province’s gambling regulator greater independence to set and enforce regulatory policy in the fight against money laundering.

The government says it is transitioning the gaming control and enforcement branch to a new independent gambling control office, which will focus exclusively on regulatory policy related to gambling, horse racing and responsible-gambling programs.

Until this change, the branch has set and enforced policy while also providing advice to the province on business matters involving the B.C. Lottery Corp.

Attorney General David Eby says the change addresses concerns raised by former RCMP officer Peter German in a report done for the provincial government.

ALSO READ: Large cash purchases, ‘lifestyle audits’ to fight money laundering gain support in B.C.

He warned that dual responsibility could create conflicts of interest and impede anti-money laundering measures.

Eby says he expects the change to be effective.

“The IGCO will have the mandate, authority and independence to ensure the overall integrity of gambling in B.C.,” he said in a statement on Wednesday.

“This change will make it far easier to keep dirty money out of our province.”

The Canadian Press

Like us on Facebook and follow us on Twitter.

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

Just Posted

Nelson’s SMRT1 Technologies to provide vending tech to Vancouver company

UpMeals will launch 22 machines across Canada using SMRT1’s personalized machines

July Kootenay real estate sales at record high

Sales and prices of Kootenay real estate on the rise

Person steals sound system, Ipad from Rossland restaurant

Mook Thai Lounge staff have had to buy a new sound system at a cost of $700

UPDATE: Search effort underway for Slocan River drowning victim

The man was swimming near Winlaw on Wednesday.

Arson suspected in several wildfires lit near Fruitvale

RCMP making progress in arson investigation of Marsh Creek fires

53 new COVID-19 cases, no new deaths cap off week of high infection rates in B.C.

Roughly 1,500 people are self-isolating because they either have COVID-19 or have been exposed to it

VIDEO: U.S. Air Force pilot does fly-by for B.C. son amid COVID border separation

Sky-high father-son visit plays out over White Rock Pier

3 Vancouver police officers test positive for COVID after responding to large party

Union president says other officers are self-isolating due to possible exposure

New mothers with COVID-19 should still breastfeed: Canada’s top doctor

Dr. Theresa Tam made the recommendation during World Breastfeeding Awareness Week

Collapse of Nunavut ice shelf ‘like losing a good friend:’ glaciologist

The ice shelf on the northwestern edge of Ellesmere Island has shrunk 43 per cent

B.C. wildfire crews have battled 111 blazes in the last seven days

Twenty-nine fires remain active, as of Friday (Aug 7)

‘We don’t make the rules’: Okanagan pub owner says staff harassed over pandemic precautions

‘If you have six people plus a baby, guess what? That’s seven’ - West Kelowna Kelly O’Bryan’s owner

Creston Valley Hospital addresses COVID-19 rumours regarding farms

‘Not one seasonal worker in Creston has tested positive for COVID-19,’ said Dr. Nerine Kleinhans

T-Rex earns big bids at B.C. dino auction

Over 500 dino-themed lots sold to buyers from across North America

Most Read