A CBC News investigation has discovered a rush of suspicious money totaling almost $27 million flowed through two B.C. casinos this spring.
Most of the mystery money that came in from mid-March to mid-June arrived in bundles of $20 bills — a common currency used to buy street drugs.
With cash transactions at casinos, the source of the money is unknown and there is the possibility that gangsters are using the system to launder dirty money: buying in, but not necessarily betting, and then cashing out the credit and claiming the income as winnings.
Three years ago, the B.C. government said it would move away from large cash transactions at casinos in a move to crack down on suspected money laundering, but critics say that clearly hasn't happened.
Documents obtained through a Freedom of Information request show that in three months, $2.5 million in suspicious transactions occurred at New Westminster's Starlight Casino, and $24 million was flagged as suspicious at Richmond's River Rock Casino.
Article by: CBS News