BCLC gets more teeth to monitor the gaming industry

VANCOUVER (NEWS 1130) – New efforts are being made to give the BC Lottery Corporation stronger oversight when it comes to money laundering in casinos in our province.

The provincial government says it’s supporting a new service agreement between BCLC and casino services providers that will apparently give the lottery corporation more of an ability to enforce policies and hold those providers accountable.

“The new operational service agreement (OSA) sets the course for the long-term success of the industry in BC by working with service providers to create and commit to an investment plan and hold service providers accountable for those plans and for maintaining the security and integrity of gambling,” says BCLC President and CEO Jim Lightbody.

The new OSA is a 20-year agreement. Victoria says several providers’ contracts are about to expire.

It’ll also mean BCLC will be able to respond quickly to findings out of an ongoing independent review of anti-money laundering policies and practices in our province.

Earlier this year, Peter German, a former deputy commissioner of the RCMP and Correctional Service Canada, will tapped to conduct the review.

German’s report is due by March 2018 but Eby says German has been asked to make recommendations to the government as he develops them, rather than waiting for the final report.

Attorney General David Eby says the review has the full support of casinos, the BCLC and the government’s gaming policy and enforcement branch.

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