Alcohol and Gaming Commission of Ontario leads the interagency
TORONTO, July 15 2021 (GLOBE NEWSWIRE) – As casinos begin to welcome their guests back in line with the Roadmap plan to reopen the province, the Alcohol and Gaming Commission of Ontario (AGCO) has put in place sets up an interagency working group to monitor liquidity transactions.
The working group is made up of representatives from the AGCO, the Ontario Provincial Police (OPP) and the Ontario Lottery and Gaming (OLG).
In July 2020, Canada’s financial intelligence unit, FINTRAC, released a report that showed a marked decrease in the number of large cash transaction reports and casino disbursements filed since the lockdown measures were put in place. response to the COVID-19 pandemic. The report also raised concerns about methods of money laundering that involve placing illicit money into the legitimate financial system.
The task force will closely monitor cash transactions at casinos and member agencies can take appropriate action within their legislative mandate if unusual trends or transactions of concern are identified.
“The Interagency Task Force is a prime example of how provincial agencies work together to disrupt potential criminal activity and ensure the integrity of Ontario’s gaming industry. I am very happy to work with colleagues from AGCO, OPP and OLG on this project.
– Derek Ramm, Director, Anti-Money Laundering, AGCO
“This is a great joint initiative that will increase ongoing efforts between provincial agencies to disrupt potential money laundering within the gaming industry in Ontario. This interagency working group will continue to strengthen the already close working relationship between the OPP, the AGCO and OLG to ensure the integrity of the Ontario gaming industry.
– Chief Superintendent Alison Jevons, Ontario Provincial Police
Bureau of Investigation and Enforcement
“OLG has a strong relationship with our task force partners and looks forward to continuing to work together to monitor and detect potential money laundering. Money laundering has no place in the gambling industry in Ontario. As customers return to casinos and gaming sites across the province, we will work closely with our colleagues at ACGO and OPP to proactively identify suspected illegal cash. and ensure that appropriate action is taken using our capacities and those of our working group partners.
– Ian Messenger, Director, Anti-Money Laundering, OLG
ABOUT THE AGCO
The AGCO is responsible for regulating the alcohol, gambling, horse racing and private cannabis retail sectors in Ontario in accordance with the principles of honesty and integrity and in the public interest.
The AGCO is a regulatory body with a board of directors reporting to the Ministry of the Attorney General. The agency was established on February 23, 1998 under the Alcohol, Cannabis and Gaming Control and Public Protection Act, 1996.