TORONTO, June 27, 2018 /CNW/ - The Canadian Gaming Association (CGA) welcomes the release of the German Report and the recommendations put forward to improve anti-money laundering policies and practices in B.C.'s gaming industry.
The CGA agrees that it is time for both the provincial government and casino industry to move forward together to build strong regulatory framework for B.C. and believes that the German Report recommendations will enhance the regulatory framework by building clear lines of responsibility for casino operators, BCLC, and the new gaming regulatory agency.
"The CGA commends Peter German for his work on the report," commented Paul Burns, President and CEO of the CGA. "We support the recommendations and embrace the creation of a stronger, more modern regulatory framework in B.C."
As the Hon. David Eby, British Columbia's Attorney General said earlier this week in his comments, recent events in British Columbia have demonstrated that gaming operators are doing excellent work at identifying, collecting and reporting suspicious financial transactions, citing last month's arrest of an international casino money-laundering suspect.
The CGA looks forward to working with the Canadian casino industry on the implementation of the recommendations.
About the Canadian Gaming Association
The Canadian Gaming Association (CGA) is a not-for-profit organization that works to advance the evolution of Canada's gaming industry. The association's mandate is to promote the economic value of gaming in Canada; use research, innovation, and best practices to help the industry advance; and create productive dialogue among stakeholders. Visit www.canadiangaming.ca to learn more about the CGA and gaming in Canada.
SOURCE Canadian Gaming Association
For further information: Paul Burns, Canadian Gaming Association, (416) 579-3922, [email protected]