Las Vegas casinos tied to massive drug money laundering network in British Columbia

Las Vegas casinos tied to massive drug money laundering network in British Columbia

The money-laundering scandal that hit Canada is linked to Vegas gambling houses

The money-laundering scandal that has plagued Canada for the past several years continues, and is growing larger. According to some new updates revealed on Monday by the latest hearing of the Cullen Commission, a man who was related to international drug smuggling and money laundering in British Columbia had VIP accounts at casinos located in Las Vegas and some other locations, as well.

In 2015, Royal Canadian Mounted Police (RCMP) began an investigation and, as a result, Paul King Jin was identified as an alleged organized crime figure linked to Silver International, an underground bank posing as a currency exchange business in Richmond, BC. According to the RMCP’s Melvin Chizaswky, in an interview made in 2016, Jin told police he got gambling credit accounts with unnamed Las Vegas and Macau casinos, which he used to facilitate gambling trips for Chinese nationals.

As per the report performed by the authorities, $250 million is the estimated amount laundered by Silver International. Jin used a very common strategy of money-laundering in BC casinos that became recognized as the “Vancouver Model.” Some detectives noticed that Jin was making numerous clandestine cash drops for high rollers in and around the casinos even when he was already banned from local casinos due to loan sharking.

As part of all the illegal actions that Jin committed, he also had an illegal casino in his mansion, which was considered the city’s second-most expensive property back in 2019, with a value of $10 million. Jin is currently under investigation by BC authorities.

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