DECEMBER
N4W OPE5
SALE ON NOW
6020–6087 Ru6s Baker Way Enjoy special offers* DECEMBER 7 to 10
SOMETHING FOR EVERY KIND OF SOMEBODY EVEN THE NAUGHTY OR NICE
*See restaurant for details.
WEDNESDAY, DECEMBER 6, 2017
©2017 McDonald’s
What’s inside:
NEWS: Police ask for help locating man, 58, 3 missing for a week
n Mayor Malcolm Brodie had (almost) everyone enjoying Christmas carols as he tickled the ivories at the 17th Annual Winter Wonderland at city hall Saturday. Hosted by Rotary Club of Richmond Sunset, Wonderland features a gallery of elaborately-decorated Christmas trees, along with Saturday matinee performances with the aim of collecting non-perishable goods for the Richmond Food Bank.
Casino crackdown begins Review calls for more reporting to tackle money-laundering Graeme Wood
Staff Reporter gwood@richmond-news.com
A
crackdown on alleged money-laundering at River Rock Casino and Resort will begin with having government investigators on the casino floor 24/7. Their job will be to help source the funds with which gamblers aim to play. “In particular, (investigators) will assist with issues surrounding source of funds, third-party cash drops, and other operational support,” noted the govern-
ment. This is the first of two interim recommendations B.C.’s Attorney General David Eby announced Tuesday. The recommendations come from an ongoing independent review of anti-money laundering policies and practices at Lower Mainland gaming establishments. “Our government has made clear the urgency around addressing issues of moneylaundering at B.C. casinos, and we will ensure these first two recommendations are not only implemented as soon as possible, but enforced on the ground,” said Eby, via a govern-
ment statement. A second recommendation is for the River Rock to complete a Source of Funds Declaration for cash deposits and bearer bonds of $10,000 or more. “At a minimum, the declaration must outline a customer’s identification and provide the source of their funds, including the financial institution and account from which the cash or bond was sourced. “After two consecutive transactions, cash can only be accepted from the customer once it has been determined that it is not of a suspicious or illegal nature,” noted the government.
Bearer bonds are unregistered bonds issued by a bond agent. As such, they are considered to be popular in money-laundering circles. The review was ordered by Eby in September after he examined a report by accounting firm MNP that highlighted numerous irregularities in anti-money laundering practices at River Rock, leading to “a culture accepting of large bulk cash transactions.” In one month (July 2015), the casino accepted $13.5 million in $20 bills alone. A Vancouver Sun investigation found links to money-laundering allegations and real estate purchases.
ARTS: Sound editor tells how music comes to her in her dreams 10
SPORTS: Wildcats open season with upset win over top-ranked team 22
ALL YOU NEED TO
DECK THE HALLS
(604) 241-4717 12311 Number 1 Rd, Richmond, BC
NOW IN THE STORE. TREES, GREENS, POINSETTIAS, CANDLES AND LOTS OF GREAT GIFT IDEAS
CHRISTMAS HOURS - OPEN 9-9 MON. TO FRI. AND 9-6 ON SAT. AND SUN.