ChumpChange
ChumpChange
Joined: Jun 15, 2018
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November 3rd, 2018 at 3:56:24 PM permalink
Drake accuses Vancouver casino of racial profiling http://tinyurl.com/ycvbpkpv

“We are required to adhere to strict regulations with respect to gaming in British Columbia. We are actively investigating this matter and have made several efforts to reach out to the guest and his team to discuss the issue. We are committed to having a productive conversation to resolve the issue."

CTV Vancouver previously reported that B.C. casinos were a popular place for money laundering linked to organized crime.

The province recently tightened laws to tackle the problem. Now players who want to buy in for $10,000 or more in one or more transactions within a 24-hour period must provide a source of funds receipt.

The original receipt must be from the same day of the transaction and show the financial institution, branch number and account number.

It is unclear whether this was an issue in the Friday night incident.
Keyser
Keyser
Joined: Apr 16, 2010
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November 3rd, 2018 at 8:10:58 PM permalink
Quote: ChumpChange

Drake accuses Vancouver casino of racial profiling http://tinyurl.com/ycvbpkpv



The province recently tightened laws to tackle the problem. Now players who want to buy in for $10,000 or more in one or more transactions within a 24-hour period must provide a source of funds receipt.

The original receipt must be from the same day of the transaction and show the financial institution, branch number and account number.



Wow Canada is a screwed up place. Big Brother is all over the Canadians. That crap wouldn't fly in the US.
Zcore13
Zcore13
Joined: Nov 30, 2009
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November 4th, 2018 at 1:39:55 AM permalink
Quote: ChumpChange

Drake accuses Vancouver casino of racial profiling http://tinyurl.com/ycvbpkpv

“We are required to adhere to strict regulations with respect to gaming in British Columbia. We are actively investigating this matter and have made several efforts to reach out to the guest and his team to discuss the issue. We are committed to having a productive conversation to resolve the issue."

CTV Vancouver previously reported that B.C. casinos were a popular place for money laundering linked to organized crime.

The province recently tightened laws to tackle the problem. Now players who want to buy in for $10,000 or more in one or more transactions within a 24-hour period must provide a source of funds receipt.

The original receipt must be from the same day of the transaction and show the financial institution, branch number and account number.

It is unclear whether this was an issue in the Friday night incident.



This is not the first time he's accused a business publicly of racism towards him.


ZCore13
I am an employee of a Casino. All the personal opinions I post are my own and do not represent the opinions of the Casino or Tribe that I work for.
DRich
DRich
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November 4th, 2018 at 4:06:07 AM permalink
Quote: Keyser

Wow Canada is a screwed up place. Big Brother is all over the Canadians. That crap wouldn't fly in the US.



Those same regulations will be coming to the U.S. shortly. Even today in the U,S, casinos are required to report the source of funds where the patron is getting the cash from if it is over $10,000. It is called the KYP program (Know Your Patron) and the patrons occupation needs to be entered on the CTR that is filed.
Living longer does not always infer +EV
RS
RS
Joined: Feb 11, 2014
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November 4th, 2018 at 5:34:33 AM permalink
Quote: DRich

Those same regulations will be coming to the U.S. shortly. Even today in the U,S, casinos are required to report the source of funds where the patron is getting the cash from if it is over $10,000. It is called the KYP program (Know Your Patron) and the patrons occupation needs to be entered on the CTR that is filed.


I thought it was KYC Know Your Customer. Maybe just a different sheep in wolf's clothing, as the saying goes.

DRich, speaking of CTRs, what's the deal with them again, anywho? I vaguely remember a post, I think by you, saying that if a CTR is filed (for cashing out) and the patron refuses to give up ID and/or SSN, they still have to pay the patron, is that right? And as a patron, it's legal to refuse that stuff? Or maybe this is fake news and I'm mis-remembering stuff. =\ I assume KYC/KYP isn't necessary when doing a cash-out, at least as far as occupation and all that stuff?



Speaking of which, some years ago I remember trying to put up front money at a casino that was going to trigger a CTR or at least required the KYC s***. They wanted my occupation, so I wrote something generic, like "investor" and they wanted business information, this and that and etc. I was like no, no business, just me investing my own money. They weren't too thrilled about my "non-answer" and weren't having any of that. I said fine...what's the next biggest casino around here, I'm gonna go gamble there....and lo and behold, their attitude changed and told me to write "personal investor" (or something equally stupid) for occupation and accepted it. All that KYC stuff is a load of crap, they should get rid of it. Argh.
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Nathan
Nathan
Joined: Sep 2, 2016
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November 4th, 2018 at 5:40:52 AM permalink
Quote: DRich

Those same regulations will be coming to the U.S. shortly. Even today in the U,S, casinos are required to report the source of funds where the patron is getting the cash from if it is over $10,000. It is called the KYP program (Know Your Patron) and the patrons occupation needs to be entered on the CTR that is filed.



Then people would just start using the loophole thing where 10 different acquaintances/friends all come in with $1,000 at separate times and each of them ignores each other the entire trip and also all left at separate times to circumvent that the $10,000 was actually made from illegal funds. According to the Casino, these people who came in at separate times, ignored each other the entire stay, and all left at separate times don't know each other.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous The 2 year war is over! Woo-hoo! :D Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
terapined
terapined
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November 4th, 2018 at 6:30:50 AM permalink
We should go to a cashless system and end money Laundering
I cant remember the last time I used cash
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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November 4th, 2018 at 6:50:45 AM permalink
Quote: Nathan

Then people would just start using the loophole thing where 10 different acquaintances/friends all come in with $1,000 at separate times and each of them ignores each other the entire trip and also all left at separate times to circumvent that the $10,000 was actually made from illegal funds. According to the Casino, these people who came in at separate times, ignored each other the entire stay, and all left at separate times don't know each other.

That is so smurfy.
Winter's hope for us, a sunny day fools us, dreams die with a lie. They tried to kill us, Jimmy. They did. They're dirty f**king cops! *photo is not of an AP
onenickelmiracle
onenickelmiracle
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November 4th, 2018 at 6:54:05 AM permalink
Quote: terapined

We should go to a cashless system and end money Laundering
I cant remember the last time I used cash

End money laundering, begin tyranny. It's all about the privacy and freedom. Going to have to add a line to the Hitler poem, they went after people using cash, and I said nothing. Bad idea.
Winter's hope for us, a sunny day fools us, dreams die with a lie. They tried to kill us, Jimmy. They did. They're dirty f**king cops! *photo is not of an AP
AxelWolf
AxelWolf
Joined: Oct 10, 2012
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November 4th, 2018 at 7:53:42 AM permalink
Quote: Nathan

Then people would just start using the loophole thing where 10 different acquaintances/friends all come in with $1,000 at separate times and each of them ignores each other the entire trip and also all left at separate times to circumvent that the $10,000 was actually made from illegal funds. According to the Casino, these people who came in at separate times, ignored each other the entire stay, and all left at separate times don't know each other.

Nathan can you explain exactly how that would work and what that would accomplish?
Are you thinking everyone is going to buy 1k in chips and hand it to one guy and at some point he is going to cash the chips in(its hard enough to cash in legit chips)? Perhaps you think they are washing money? I doubt Drake came in with a bunch of small bills.
It doesn't seem very sensible and cost-effective to have 10 different people handling your money for 10k worth of laundering.
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Money laundering in casinos might be a good article for one of the WOV/LCB writers if they can explain exactly what's going on and exactly how it's done.

Even tho it all gets lumped in under money laundering, from my understanding there are different types of laundering such as, washing money (exchanging bill denominations) and laundering money (making illegal money appear to be obtained legally so you can report it and use it).

Can somome explain to me why a person can't just go to the poker room with 1k and simply report he won 5k or whatever? Supposedly poker rooms are supposed to be reporting this stuff, but I have only seen it one time.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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