Canada: B.C. Lottery Corporation CEO ‘blown away’ by police report of organized crime at casinos

Canada: B.C. Lottery Corporation CEO ‘blown away’ by police report of organized crime at casinos

Article brief provided by The Canadian Press
  • The Canadian Press
January 29, 2021 2:15 AM
  • The Canadian Press

The president of the British Columbia Lottery Corporation says there had long been concerns about suspicious cash circulating in casinos but it wasn’t until 2015 that police confirmed the presence of an organized crime threat.

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Jim Lightbody told the public inquiry into money laundering that the information he received from the RCMP was a “pivotal moment” that left him “blown away.”

He testified it was the first time the RCMP told him they had evidence that organized crime was laundering money through provincial casinos, which the Crown corporation manages and safeguards.

Lightbody, who’s currently on medical leave, said the lottery corporation did everything within its powers to mitigate the risk of money laundering.

He testified the corporation allowed large cash buy-ins by some players at casinos, because many high-spending patrons frowned upon using cheques, drafts or having specialized credit accounts at casinos for privacy and cultural reasons.