View Royal Mayor David Screech calls investigation ‘ridiculous’ and an ‘overreaction’ (File photo)

B.C. mayor flagged by anti-corruption investigators after depositing 50-50 winnings

View Royal Mayor David Screech cites an ‘overreaction’ to $5,100 winning

A Vancouver Island mayor had no idea winning $5,100 could be such a pain.

View Royal mayor David Screech was informed by his bank this week that he was being investigated after winning a 50-50 draw at a Victoria Royals hockey game.

His bank, Canadian Imperial Bank of Commerce, called Screech, his wife and youngest son asking “a series of questions to do with my banking,” he told Black Press Media.

“It all seemed like a bit of a ridiculous reaction to a one-time-only cash deposit.”

The questions put to Screech centered on where the money came from, while his wife was asked how she paid her Visa bill.

Screech learned he was considered a politically exposed person (PEP) because of his mayorship. The 2017 anti-corruption law is described by the Canadian Government website as “part of the approach to combating money laundering and the financing of terrorist activities.”

READ MORE: B.C. receives two money laundering reports after reviews of real estate, cars

READ MORE: B.C. takes aim at ‘shell companies’ hiding property ownership

Domestic PEPs include military generals or those of higher ranks, judges of high courts, heads of a government agency or, in this case, a municipal government.

“In a nutshell, I suppose I’m surprised that rules and regulation are in place that affect mayors that I’m not aware of that I don’t think any mayor’s are aware of – that they’re on this special federal list,” he said.

Screech filed a complaint with the federal financial agency that oversees banks and the Department of Consumer and Corporate Affairs this week.

“The impression I get from the government is that the bank went well beyond what they are required to do. So that again is part of what makes me angry, if the bank did go beyond and above what they’re required to do.”

“Under federal legislation, Canadian financial institutions may be required to seek additional information on various transactions involving some individuals who hold prominent positions. We regularly review our policies to ensure compliance with legal and regulatory obligations,” CIBC said in a statement to Black Press Media.

Screech said he has no clue as to the nature of the investigation or its conclusions.

“Somewhere there is something in my record about an investigation that I have no ability to see or know of, and to me, by Canadian law, that’s just not acceptable.”

swikar.oli@goldstreamgazette.com


Like us on Facebook and follow us on Twitter

Just Posted

Port Alberni cadet learns outdoor skills at Vernon camp

Outdoor skills some of leadership learning activities at annual summer camp

Vandals break windows in Port Alberni heritage train cars

Damage in the thousands of dollars, says Industrial Heritage Society

Fire destroys mysterious travel trailer in Port Alberni alley

Port Alberni Fire Dept. security cameras capture start of fire

Port Alberni wants to bring back bed races for annual Salmon Fest

Veteran racer recalls thrill of racing a handcrafted bed through city streets

Semi-truck crashes on Hwy. 4 between Port Alberni and Tofino-Ucluelet

Drivers heading in or out of Tofino-Ucluelet Friday afternoon should expect delays

70 years of lifting: Canadian man, 85, could cinch weightlifting championship

The senior gym junkie is on track to win the World Masters Weightlifting championship

Canadian entrepreneurs turning beer byproduct into bread, cookies and profits

Some breweries turn to entrepreneurs looking to turn spent grain into treats for people and their pets

Canada ‘disappointed’ terror suspect’s British citizenship revoked

Jack Letts, who was dubbed “Jihadi Jack” by the U.K. media, has been detained in a Kurdish prison for about two years

Chrystia Freeland condemns violence in Hong Kong, backs right to peaceful assembly

There have been months of protests in the semi-autonomous region

B.C. VIEWS: Log exports and my other errors so far in 2019

Plastic bags, legislature overspending turn out differently

‘It’s just the freedom:’ Paralyzed Broncos player pursuing life on the water

The former Humboldt Broncos goaltender, who started in the net when he was nine, was paralyzed last year

Canadians killed in Afghanistan honoured during emotional dedication ceremony

One-hundred-fifty-eight Canadian soldiers died during the mission

It’s snow joke: Up to 30 cm of snow expected to fall in northeastern B.C.

Alaska Highway, Fort Nelson to be hit with August snowstorm, according to Environment Canada

‘I’m just absolutely disgusted’: Husband furious after B.C. Mountie’s killer gets day parole

Kenneth Fenton was sentenced to prison after he fatally struck Const. Sarah Beckett’s cruiser

Most Read