Money-laundering watchdog needed in wake of federal agency failures, BC inquiry finds | FULL

The Cullen Commission‘s final report into money laundering in B.C. has faulted senior provincial government ministers, including former premier Christy Clark, for being warned about incredible growth in suspected laundering of criminal cash in the government’s casinos, but failing to “ensure such funds were not accepted.”

While Commissioner Austin Cullen found that Clark and former B.C. Liberal gaming minister Rich Coleman were among the senior elected officials and the B.C. Lottery Corporation managers who failed to stem suspected criminal proceeds that were flooding into B.C. coffers — in some cases ignoring repeated and escalating warnings — Cullen said there was no evidence that politicians’ failures to act were motivated by corruption.

The 1,800-page document, released Wednesday, included new data that detailed the stunning growth in cash transactions into B.C. casinos that investigators first flagged in 2008, and how these transactions continued unabated until at least 2014, when casinos accepted $1.2 billion in cash transactions that were $10,000 or more. Many of these transactions matched indicators for criminal cash, Cullen said, because they were delivered to casinos in bricks of cash and in duffel bags.

For more info, please go to https://globalnews.ca/news/8922745/cullen-commission-findings-report-bc-money-laundering-inquiry/

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