BC Gaming Industry Association Response to Minister Eby’s Announcement

BC Gaming Industry Association Response to Minister Eby’s Announcement

Canada NewsWire

VANCOUVER, Sept. 22, 2017 /CNW/ – The BC casino gaming industry, which includes casinos, community gaming centres, and bingo centres, has operated since 1997 under the Gaming Control Act. Today the industry comprises 41 gaming properties with 8,300 employees across BC.  

Attorney General David Eby has released a report commissioned by the Gaming Policy Enforcement Branch (GPEB) in September 2015 that considered the anti-money laundering practices at BC casinos. He also announced that a review will be conducted by an independent expert that will examine whether potential issues of money laundering in casinos are being effectively addressed. 

Since the report’s commission almost two years ago there has been significant progress and enhancements to AML procedures and protocols through work by casino operators, the BC Lottery Corporation (BCLC) and the Gaming Policy Enforcement Branch (GPEB) and that work continues today. 

Over the last 20 years, the operating model for gambling in BC has developed into one of the strongest and most rigorously regulated in the world. We look forward to receiving direction from the Ministry, BCLC, and GPEB on the review and the opportunity to further enhance the regulatory structure for casinos in BC.    

While casinos represent only a small fraction of potential money laundering transactions, the industry takes its reporting obligations very seriously and the ongoing, real-time screening and reporting done by casinos allows FINTRAC to track and analyze these transfers and provide police with vital intelligence to aid in their investigations and enforcement actions.  


The BC Gaming Industry Association (BCGIA) represents 13 of 16 private sector gaming operators that manage 38 gaming properties and generated over $1.8 billion in gaming revenue for the BC Lottery Corporation in 2016/17. BCGIA members manage casinos, community gaming centres, bingo centres and horseracing, as well as non-gaming amenities such as food and beverage facilities, show theatres, conference centres and hotels. For more information about the BC Gaming Industry Association, please visit our website: bcgia.com

SOURCE BC Gaming Industry Association

View original content: http://www.newswire.ca/en/releases/archive/September2017/22/c2525.html

AML Practices at the River Rock Casino Resort

AML Practices at the River Rock Casino Resort

Canada NewsWire

Great Canadian Gaming Corporation’s Response to the Attorney General’s AML Report

RICHMOND, BC, Sept. 22, 2017 /CNW/ – Today, Attorney General David Eby released a 2016 MNP report on anti-money laundering practices in BC casinos and announced a review to determine if there are issues pertaining to money laundering in Lower Mainland casinos.

Great Canadian Gaming Corporation (Great Canadian) strictly adheres to all regulatory requirements and maintains the highest standards of reporting at our properties. The British Columbia Lottery Corporation (BCLC), the Gaming Policy Enforcement Branch (GPEB), and FINTRAC have highly detailed and rigorous regulatory obligations that all Great Canadian facilities in BC adhere to and at all times we govern ourselves to meet or exceed those obligations, rules, and standards.

We welcome the Minister’s review of the industry and our operations, and along with direction from GPEB and BCLC, we will adopt any further revisions to the regulatory structure should they direct BC casino operators to do so.

River Rock Casino Resort is owned and operated by Great Canadian Gaming Corporation.

Great Canadian Gaming Corporation is a Canadian based company that operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, New Brunswick, Nova Scotia, and Washington State. A key element of Great Canadian’s business model is its commitment to social responsibility. “PROUD of our people, our business, our community” is Great Canadian’s brand that unifies the company’s community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2.5 million in our communities, and in 2016, over 1,500 charitable organizations were supported by Great Canadian. In each Canadian gaming jurisdiction, a significant portion of gross gaming revenue from gaming facilities is retained by our crown partners on behalf of their provincial government for the purpose of supporting programs like healthcare, education and social services.

SOURCE Great Canadian Gaming Corporation – Media Relations

View original content: http://www.newswire.ca/en/releases/archive/September2017/22/c6179.html

Source Intelligence Ranked Among 10 Fastest Growing Global Compliance Companies by Leading Silicon Valley Magazine


Source Intelligence Ranked Among 10 Fastest Growing Global Compliance Companies by Leading Silicon Valley Magazine

PR Newswire

CARLSBAD, Calif., Sept. 22, 2017 /PRNewswire/ — Source Intelligence, the world’s leading supply chain compliance and transparency solution, was named one of the 10 fastest growing global compliance companies by The Silicon Review.

Source Intelligence, the world's leading supply chain compliance and transparency solution.

In its recent “top-company” profile of Source Intelligence® (SI), The Silicon Review highlights SI’s cutting-edge SaaS-based platform, expertise in multiple verticals, and its unique supplier engagement team as contributors to the company’s success, customer growth and attractiveness to global enterprises faced with compounding compliance requirements.

“Rapid and seemingly inexhaustible changes to the global compliance landscape have triggered a proliferation of uncertainty and have compelled savvy organizations to wield the power of spending to demand compliance assurance from their suppliers,” the news publication wrote. “Suddenly, many of the traditional methods of evaluating risk and measuring success may be based on false assumptions. To mitigate operational, legal and business continuity risk ahead of the dynamic compliance climate, businesses must increase certainty, impose standards, and communicate more transparently with their supplier and customers. Best practices require compliance assurance and material disclosure from suppliers as a condition for doing business.”

The Silicon Review noted that because Source Intelligence is a global network of businesses linked together to expedite the exchange and validation of compliance information, it has created an industry-dominating position to help companies reduce risk and meet a growing number of domestic and international supply chain and sourcing regulations. SI’s expertise and programs cover conflict minerals, anti-human trafficking, California’s Prop. 65, palm oil, REACH, RoHS, NAFTA and more.

Source Intelligence® (SI) is a data collection and compliance solution that makes it easy to get information and improve supplier relationships. SI’s cloud-based platform helps clients make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards. The company’s information and analytics platform helps customers minimize operational and brand risk, and improve efficiency and communications. Founded in 2009 by career experts in environmental solutions and analytics, Source Intelligence® has headquarters in Carlsbad, California and operations worldwide. SI has received multiple awards, including the “2015 GRC Innovation Award” by analyst firm GRC 20/20, “Most Promising Supply Chain Tech Solution Provider for 2014 and 2015” by CIO Review and “2016 Product of the Year” by Environmental Leader. CEO Jess Kraus was named “CEO of the Year” by CIO Review and a “Supply Chain Pro to Know” by Supply & Demand Chain Executive. www.sourceintelligence.com

Media Contact
Lina Ramos/Chief Business Officer: +1 760-232-4087. LRamos@SourceIntelligence.com


Source Intelligence(R) (SI) is a global network of businesses linked together to expedite the exchange and validation of compliance information. www.sourceintelligence.com

View original content with multimedia:http://www.prnewswire.com/news-releases/source-intelligence-ranked-among-10-fastest-growing-global-compliance-companies-by-leading-silicon-valley-magazine-300524495.html

SOURCE Source Intelligence