Thursday, April 7, 2016
BC government cashing in on money laundering
Michel Smyth wrote an interesting editorial in the Vancouver Province. He mentions how the BC government is suing a Salmon Arm man in an alleged casino money-laundering case. The only reason they caught the guy was because when he was stopped for drunk driving he was found with cash, casino cheques and crack cocaine in his car. Michel Smyth points out that while the police pat themselves on the back for this bust, one has to wonder if the provincial government is on the same page. He points out "how many more suspected money-laundering rackets would have been busted if the government hadn't scrapped a specialized police unit seven years ago?"
"The government shut down the Integrated Illegal Gaming Enforcement Team in 2009. The specialized unit had a budget of just $1 million - a number that dwarfs the amount the government spends trying to lure gamblers into its casinos." Exactly. Every time a police task force found organized crime, the government disbanded that police task force.