Canadian Thieves Launder Money Through Casinos

This story was published more than 5 years ago.

Canadian thieves reportedly laundered money through a series of casinos as well as through government accounts, with up to $2 billion having been moved.

Investigators began looking into the money laundering concerns in 2015 and uncovered that huge sums of money were moved through casinos in the country, some of which could have been processed through corporate accounts at the betting destinations. Additionally, some Chinese nationals allegedly also moved money using Canadian banks as well as the British Colombia Lottery Corporation. Initially, estimates of $100 million laundered were given, but once the investigation deepened, the sum was found to be much, much higher.

The River Rock Casino Resort in British Columbia saw a bunch of the money laundering going through it's facilities, and it's likely that the organization will have to go through some additional training to help stem the criminal transactions.

One criminal case was prosecuted but thrown out as prosecutors leaked witness information. Any other cases could be pressed, but it's likely that they'll see resistance as the information is compromised.

We'll update readers as we learn more about the laundering situation.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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5 February 2019 - 8:11am

Oh, it is an interesting news. Let's find out who is the actual owners of the laundered funds 🙂

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5 February 2019 - 2:42pm

Wow,that's a really large sums being laundered there.

I wonder how they exactly proceed for the funds to considered clean after that, I mean they just make a deposit for these large amounts to the casino take a shot or two at min risk and then withdrawing the funds?