Thursday, June 14, 2018

'High roller' suspected of laundering $855M arrested in B.C., ordered deported

'High roller' suspected of laundering $855M arrested in B.C., ordered deported

Dan Bui Shun Jin had been living at the River Rock Casino in Richmond, RCMP say


Dan Bui Shun Jin had been living at the River Rock Casino in Richmond before he was arrested May 25. He's under investigation for money laundering in four different countries around the world. (CBC)
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A man under investigation for alleged money laundering in four different countries has been arrested in B.C.Dan Bui Shun Jin had been living temporarily at the River Rock Casino in Richmond before he was arrested May 25.
He's suspected of laundering $855 million through Australian casinos alone, as well as more money in Singapore, Macau and the United States.
The U.S. had also issued a warrant for his arrest for fraud over $1.4 million in the state of Nevada.

Alleged scheme at YVR

RCMP said Jin's arrest came just days after he arrived in B.C. A police statement said he'd been living at the River Rock Casino.
It also said officers found documents appearing to point to a recent scheme to move large amounts of money through Vancouver International Airport when they searched Jin's hotel room.
The statement said the alleged operation involved a woman who was told to pick up $25,000 cash at a parking lot in Las Vegas and deliver it to Jin at the River Rock Casino.
The statement said the CBSA intercepted the woman at the airport.
Jin, who RCMP called a "high roller," had $75,000 on him when he was arrested, according to RCMP.
He was ordered deported on Tuesday, although the statement did not say where he was sent.
Last year, B.C. launched an independent investigation into the widespread money laundering problem in Lower Mainland casinos.
The move came a week after a report found authorities had flagged numerous suspicious transactions, including $13.5 million in $20 bills at the River Rock Casino in 2015.

B.C. to investigate how Chinese fentanyl dealers' money is allegedly laundered through real estate

David Eby said allegations of drug money cleaned via real estate 'very serious and deeply troubling'


Attorney General David Eby says casino investigator Peter German will look at money laundering in other sectors of B.C.'s economy in the wake of a Globe and Mail investigation. (Mike McArthur/CBC)
B.C.'s attorney general says the province will look into how fentanyl, real estate and money laundering fit together in British Columbia.
In a statement released Friday evening, David Eby said that Peter German, who is already looking into the prevalence of money laundering in B.C. casinos, will also look into the role money laundering plays in other areas of the province's economy.
"The nature of these allegations, that this money-laundering activity is actively influencing our real estate market and is connected to the sale of life-destroying fentanyl, underline the critical importance of addressing money laundering urgently and not ignoring it," Eby said in the statement.
"Our government will work to determine the scope of this issue, and what must be done to appropriately address it. We will ensure our investigation into money laundering in B.C. casinos is informed by these disturbing revelations."
The statement referenced an investigation published Friday by The Globe and Mail.
That investigation alleges that Chinese fentanyl dealers in B.C. are laundering the proceeds of drug sales by loaning it, at exorbitant interest rates, to wealthy Chinese tourists and newcomers to Canada who put up a Canadian property as collateral.
When the borrowers repay the loan, or when the property is sold for whatever reason, the alleged drug dealers get their money back, clean.
The Globe says the practice may be widespread. Eby on Friday called the allegations "very serious and deeply troubling."
In his statement, he said real estate and tax policy is now within the scope of German's review.