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ITM: 56In July 2018 The Globe and Mail published an article revealing details about a massive money laundering scheme that spread internationally and involved land-based casinos in British Columbia. This became known as the Vancouver model. In a nutshell, Chinese high-stake gamblers were recruited to spend money in B.C. casinos. However, China’s currency restrictions don’t allow the export of the large amounts needed for gambling. That’s why the whales deposited money to a Chinese bank account that belongs to a criminal organisation. In exchange, this organisation arranged the delivery of the same amount of cash upon the gambler’s arrival at a given venue. The benefits are simple. The gamblers spend millions playing abroad without the necessity of taking money out of their country. Crime groups get rid of illicit money and in return get the same amounts at a bank account in China, completely unreachable for local law enforcement. bingo casino online real money usa,
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