To disrupt money laundering, Canada should consider a different relationship with Asia GlobeBC
Jeremy Douglas is the regional representative of the United Nations Office on Drugs and Crime in Southeast Asia and the Pacific
To understand why Asian organized crime has targeted Canadian casinos, we need to look at Asia itself. A few years ago, criminal networks in the area moved a lot of their money through Macau. The special administrative region emerged as a global gambling destination in the early 2000s, and by 2013, revenues were six times that of Las Vegas.
Cambodia, Laos and Myanmar have questionable controls in place to govern the casino industry. Licenses are easily obtained and rarely revoked, and there is little to no on-site supervision, customer due diligence or record keeping. These are places where government institutions and authorities have been known to be compromised, and yet they now host well over 200 casinos – more than double 2014.
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