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Great Canadian Gaming Corporation Welcomes Review of Money Laundering in Lower Mainland Casinos Conducted for Attorney General
Great Canadian Gaming Corporation Welcomes Review of Money Laundering in Lower Mainland Ca...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Corporation Welcomes Review of Money Laundering in Lower Mainland Casinos Conducted for Attorney General\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nRICHMOND, BC, June 27, 2018\n\n\n\nRICHMOND, BC, June 27, 2018 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian,\" or \"the Company\") today welcomed the release of the independent review of money laundering in Lower Mainland casinos conducted for the Attorney General of British Columbia. \n\n\n \n \n\n \nSaid Rod N. Baker, President and Chief Executive Officer of Great Canadian:\n\n\"Dr. German's report is a comprehensive review of anti-money laundering policies and practices, and represents an important milestone for the gaming industry in BC and Canada. He has done a valuable service in examining the issues carefully and recommending practical improvements to the anti-money laundering (\"AML\") regime that address valid security concerns while also facilitating casino play that benefits our province. We commend Minister Eby for his appointment of Dr. German to undertake this important work.\n\nGreat Canadian engaged openly with Dr. German as part of his review and we welcome his contributions to ensuring the continued integrity of the gaming industry in British Columbia. As we did with his interim recommendations, we will work with our regulators and crown partners to enhance the AML system as part of our shared commitment to keeping funds from illegal sources out of our industry.\n\nDr. German has recognized the important role casino operators play in combatting attempts at illegal activity, and has acknowledged the proactive measures that Great Canadian has implemented beyond what was required by regulation. While Dr. German found that casino service providers were operating in accordance with AML policies, practices and statutes, we agree that steps can and should be taken to improve the system to respond to evolving challenges. We have invested in ongoing enhancements to our surveillance and security operations, and welcome Dr. German's recommend...