Former gaming minister agrees ‘unfair’ to cop who said ‘something stinky’ at casinos
Canadian Press, 14 May 2021
VANCOUVER — British Columbia’s former gaming minister said comments he made more than a decade ago about a top-ranking financial crime investigator’s concerns about “something stinky” going on at provincial casinos were not fair.
Rich Coleman was recalled to testify Friday at the public inquiry into money laundering to face more questions about statements he made in January 2011, disputing media comments by former RCMP inspector Barry Baxter. “I probably got too broad in saying that,” said Coleman, who is the inquiry’s last witness. “I probably went a little too far out with my answer. It may have been unfair.” Continue reading “Article: Former gaming minister agrees ‘unfair’ to cop who said ‘something stinky’ at casinos”
Developer Can’t Revive Lloyds Suit Over Misselling Review
Paige Long, 16 April 2021
An English appeals court ruled on Friday that a property investor cannot sue Lloyds Banking Group over its conduct during a review of interest rate hedging products bought in the mid-2000s because his complaint was invalid.
The Court of Appeal upheld a decision from July that threw out the lawsuit brought by Clive Davis against Lloyds Bank. The higher court ruled that the property investor’s grievances did not comply with the regulatory definition of “complaint” in the Financial Conduct Authority’s dispute resolution rules. Continue reading “Article: Developer Can’t Revive Lloyds Suit Over Misselling Review”
Rich Coleman’s dismissal of money laundering warning was baseless: Mountie
Graeme Wood, 09 April 2021
RCMP’s failure to earmark adequate resources against financial crime was compounded by government officials downplaying problem, inquiry hears.
The senior Mountie in charge of a B.C. money laundering unit in January 2011 says he was “taken aback” by then minister of public safety and solicitor general Rich Coleman’s dismissal of his assessment of money laundering activity in government-regulated casinos. Continue reading “Article: Rich Coleman’s dismissal of money laundering warning was baseless: Mountie”