Gambling And Money Laundering

Paul King Jin, an alleged money launderer, took interest in a casino expansion project solicited by Gateway Casinos to VIP gamblers. Facebook photo

The first casino in Vancouver opened in 1986 in the Holiday Inn on West Broadway. Around the same time, Vancouver residents were also extremely worried about money laundering in casinos. Why money laundering thrives on Canada’s West Coast31 Jan 2020. People have long been drawn to Vancouver’s idyllic coastal mountain setting. The region’s strong civil liberties and stable economy convince many of them to stay, and Vancouver has thrived with its diverse set of residents. But the city has also become a haven for illicit. A casino south of Vancouver favored by wealthy Asian gamblers is under scrutiny for potential money laundering as large amounts of cash flow through the Pacific Coast city’s thriving real estate. Regulator Memo: Organized Crime Using Vancouver Casinos for Money Laundering. Posted on: October 10, 2017, 04:03h. Last updated on: October 10, 2017, 04:12h.

VANCOUVER—While all eyes were on a report about money laundering in casinos released Wednesday, experts are expecting more revelations as investigator Peter German works on a second report, this.

Gateway Casinos solicited VIP gamblers for investments in a hotel and spa expansion at its New Westminster Starlight Casino — and a high-profile, convicted criminal and banned gambler accused of loan sharking took interest.

The Commission of Inquiry into Money Laundering in B.C. heard testimony from two Gateway casino managers about the meeting they had with two VIP gamblers and Paul King Jin on February 27, 2015, at the height of alleged widespread money laundering in B.C. casinos.

Jin, the two VIP gamblers tied to him and Gateway employees Maggie Chiu, VIP host, and Bill Lang, VIP director, gathered in the Starlight parking lot that day to discuss investment opportunities for a new, adjacent hotel and spa to compliment the casino. The five stood next to an empty lot next to the parking lot where the new facility was envisioned.

At the time, Jin was banned from entering casinos and was known by Gaming Policy and Enforcement Branch (GPEB) investigators to be passing money to gamblers outside of casinos, either directly or indirectly using associates.

Jin has a criminal record with convictions for aggravated assault, sexual assault and sexual exploitation, according to claims by the B.C. Civil Forfeiture Office. Jin was a subject of the largest money laundering police investigation tied to casinos around this time. It is alleged he used illegal money service business Silver International Ltd. in Richmond to transfer cash proceeds of crime to gamblers, among others.

The “E-Pirate” investigation ended in stayed charges in November 2018 on a technicality. Jin had not been charged in E-Pirate; however, forfeiture claims against him state investigators determined he had also set up three illegal gaming houses in Richmond.

Casino investigators have previously told the commission of a “cash facilitation network,” whose suspected leader was convicted drug trafficker Kwok Chung Tam – a Chinese national and reported Big Circle Boys gang leader, described by police as Jin’s “boss.”

Last September, MSB Silver International’s director Jian Jun Zhu, who had charges against him dropped, was shot to death in a Richmond restaurant while sitting next to Jin, who sustained minor injuries.

Stone Lee, an investigator with the Gaming Policy and Enforcement Branch (GPEB), testified last October about a meeting between casino employees and Jin to the commission, which is trying to determine what, if any, systemic failures occurred at provincially regulated gambling sites that routinely allowed massive sums of $20 bills to be cashed in. Silver, one of several MSBs in Richmond, was suspected of laundering about $200 million a year.

However, Lee did not provide information on what the meeting was about. But on January 21, testimonies from Chiu and Lang showed that Jin was part of a group of investor-gamblers looking to partner with Gateway.

Lang wrote in an affidavit how he came up with the idea of soliciting VIP gamblers who could be interested in investing in the expansion. He said his past experience working at the El Dorado casino in Reno, Nevada as director of Asian marketing led him to believe an Asian-style spa and hotel would be a good business venture for Starlight.

Lang said numerous VIP gamblers told him that a spa on No.3 Road in Richmond was ‘the best Asian spa in Vancouver.’

Jin operates Water Cube on No.3 Road, which had previously been subject to local bylaw violations in relation to alleged prostitution.

Ohio casino money to schools. Lang said he visited Water Cube before the meeting.

“I stopped by there to check it out,” he wrote.

“I briefly looked around the spa, but I quickly concluded that it was not the type of facility that I was thinking about for Starlight, as it did not strike me as a high-end spa of the type that are associated with casinos in China,” he wrote. Does the casino cash money orders.

Lang doesn’t indicate he did an online search of Water Cube, which would have resulted in numerous media reports of criminal activity.

Lang said he didn’t know who Jin was at the time of the meeting, but did remember seeing him before.

He further describes the meeting as largely unmemorable and not resulting in an agreement.

Chiu, via a Mandarin translator, described the solicitation of gamblers as informal.

“When a patron comes to play, I would just ask ‘Oh, are you interested because our company has this proposed project, are you interested?’”

Chiu also told the commission she didn’t know Jin, nor was she, a licensed casino employee, aware he had been barred from casino grounds.

Commission counsel Patrick McGowan probed Chiu about policies she ought to have been following:

“As the VIP overseeing substantial cash buy-ins, did you ever ask a patron where they got the cash they were buying in with?” asked McGowan.

“No, I wouldn't ask,” said Chiu.

“Were you ever given any instructions by your employer as to whether or not you should ask about the source?” asked McGowan.

“No, no,” replied Chiu.

“Did you know that some individuals had been banned for loan-sharking?” asked McGowan.

“That I was not aware of,” said Chiu.

She said her main role was to look after VIP players at Gateway’s Starlight and Grand Villa casinos, the latter being in Burnaby.

McGowan briefly probed around Chiu’s handling of a gambler named Jinwei Fu, who was being provided money by a man named Jack Qin.

When asked, Chiu said she never helped gamblers connect with loan sharks or re-buy with third-party cash drops.

Gambling And Money Laundering

The commission is exploring how drug money from Vancouver’s streets was, as alleged, washed through casinos, real estate and luxury goods. The commission has largely focused on the casino aspect, to date, and is set to end its inquiry in May.

Vancouver Casino Money Laundering