Task force created to combat money laundering in B.C.

The B.C. government and the province’s anti-gang agency are joining forces to form a co-ordinated investigation unit to crack down on illegal gaming and money laundering.

With the focus on B.C.’s gaming facilities, the new Joint Illegal Investigation Team will be located within the Combined Forces Special Enforcement Unit of B.C. (CFSEU-BC). The primary focus of the team will be to disrupt organized crime and gang involvement and prevent criminals from using provincial gaming facilities to legalize the proceeds of crime.
The new joint investigation team will grow to become two operational teams consisting of 22 law enforcement personnel and four investigators from the Ministry of Finance’s Gaming Policy and Enforcement Branch. The team’s operations and governance will be overseen by senior police managers from the RCMP and municipal departments and chaired by the commanding officer of RCMP “E” division in B.C.

Funding for the unit will be shared between BC Lottery Corporation (70 per cent) and the federal government through the Provincial Police Service Agreement (30 per cent). Funding for the joint team is planned for five years, and the unit’s effectiveness will be reviewed by the Province and the CFSEU-BC governance board before the agreement is up for renewal.

B.C. has had an anti-money laundering policy in place since 1998 and in 2000 the federal government created FINTRAC, which requires businesses that deal in large sums of cash to report transactions and disbursements over $10,000.

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