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by jacquesm 3037 days ago
Canadian (state operated!) casinos are notoriously lax in checking the source of the funds that people bring to gamble. A bunch of people in Canada that I ran a gas station with made off with several hundred thousand $CAN in cash and spent it all in the Sault Ste. Marie casino without so much as a single question. Gambling with illegally obtained funds is A-Ok in Canada as long as the government is on the receiving end.
1 comments
bungie4 3037 days ago
Yup, winnings under $10G are not reported to revenue Canada. Want to launder money? Go into a casino and have a good time for a few hours. Do not spend more than a couple of hundred.

Revenue Canada asks where the money came from? "I 'won' it at the casino". Rinse and Repeat.

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privacypoller 3037 days ago
Why would you (a) pay a margin to the house an (b) process such piddly amounts when you can clear 100's of thousands or millions in one go, plus make substantial return on your "investment"?
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bungie4 3037 days ago
A) I wasn't referring to the methods in the article, instead, from the previous poster. B) The way I mentioned, is 100% legal, C) its also useful to mere mortals.
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