Quote:
Originally Posted by banalanal
Even if FINTRAC believes your transactions to be suspicious and investigates you, I would think it would end there once sufficient evidence can be shown the money is from online gambling. Online gambling is not illegal. Though an inconvenience, I don't see how it turns out to be a problem.
From what I understand, Financial Institutions report transactions to Fintrac, and Fintrac then decides what to do with them. They don't go back to the F.I. and say "hey, all is good". The get piles and piles of reports from F.I.'s, and eventually, when they think they have a case, they pass it on the the RCMP or local police. This can take a LONG time. So, the local folks at the bank you are dealing with don't at any point know what Fintrac is doing with the documents that are continually shipped off to them. So, more than likely the F.I. will decide at some point that the transactions are not worth the effort of their staff, and close you down.