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Ian Mulgrew: Crooks have twisted age-old banking methods to move their money


Ian Mulgrew: Crooks have twisted age-old banking methods to move their money
Ian Mulgrew
© Provided by Vancouver Sun
The inquiry headed by Justice Austin Cullen must decide whether casino policing should be stepped up, especially as evidence shows casinos are a small part of a greater problem.
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Muslims call it “hawala,” the Chinese “daigou,” but Western authorities call it “underground banking” now that these centuries-old financial systems are being exploited by gangsters and terrorists.
Casinos sparked the B.C. inquiry into money laundering but an alternative banking system seemed to have stolen the spotlight by the end of its evidentiary hearings last week. ....

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Ian Mulgrew: Eby's evolution on dirty money


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B.C. Attorney-General David Eby says his understanding of dirty money and how it infiltrates the provincial economy has developed over time and has been quite “a journey.”
He told the inquiry into money laundering this week that, despite his time as opposition critic, when given responsibility for gaming in 2017 he did not fully appreciate the nuances of the industry’s legislative, law enforcement and regulatory apparatus.
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Ian Mulgrew: David Eby s evolution on dirty money Back to video
Eby said it took him time to fully understand the dynamic and tensions between key players the RCMP, the Gaming Policy and Enforcement Branch, and the B.C. Lottery Corp. ....

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