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AGCO will monitor cash transactions as Ontario casinos reopen

As Ontario casinos are starting to re-host visitors following the province's "Re-opening Roadmap" plan Ontario Alcohol and Gaming Commission established an inter-agency task force to monitor cash transactions.

Consisting of representatives from AGCO, Provincial Police of Ontario and Ontario Lottery and Gaming, the task of strength will carefully watch cash transactions in casinos.

Member agencies can take appropriate action within their legislative mandate when any unusual patterns or transactions of concern are identified.

Derek Ramm, director of anti-money laundering at AGCO, commented: “The interagency task force is an excellent example of inter-agency collaboration to disrupt potential criminal activity and ensure the integrity of Ontario's gambling industry. I am very happy to be working on this project with my colleagues from AGCO, OPP and OLG. ”

In July 2020, Canada's Finance Intelligence Unit FINTRAC released a report that showed a significant decline in the number of large cash transactions and casino payout reports that have been filed since the lockdown in response to the COVID-06 pandemic.

The report also raised concerns about money laundering methods that include placing illicit cash in the legal financial system.

Ian Messenger, director of anti-money laundering at OLG

, stated: “OLG maintains strong relationships with our task force partners and looks forward to further working together to monitor and detect potential money laundering.

“Money laundering has no place in Ontario's gaming industry. As customers return to casinos and gambling sites in the province, we will work closely with our colleagues at ACGO and OPP to proactively identify suspects of illegal cash and ensure that appropriate action is taken using our capabilities and our Task Force partners. "

Chief Superintendent Alison Jevons, Ontario Police Bureau of Investigation and EnforcementIt added: “This is an excellent collaborative initiative that will strengthen ongoing efforts between provincial agencies to end potential money laundering in the game industry in Ontario.

"This interagency task force will continue to strengthen the already close working relationship between OPP, AGCO and OLG to ensure the integrity of the Ontario gaming industry."

The Ontario government has previously confirmed that it will move to phase three of its "Re-opening Roadmap" today, allowing gaming establishments to reopen.

To get into this at its roadmap level, Ontario had to vaccinate 70 to 70 percent of 18-year-olds or older at one dose and 25 percent at two doses for at least two weeks

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