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A comment on Deadly Chinese Fentanyl Is Creating a New Era of Drug Kingpins. Parent comment

Re:Deadly Chinese Fentanyl Is Creating a New Era of Drug Kin... by mabbo on Wednesday May 23, 2018 @06:44PM (#17139141)
> the money also seeps back into our overheated real-estate market through casino money laundering

That's actually not likely how they launder the money. Money laundering regulations in Canada say that large sums of money cashed out an casinos are reported to Fintrac[0], who datamine and analyze that stuff pretty extensively. My knowledge of their capabilities is over a decade old (internship way back), but even then they would catch on if you were moving millions of dollars per year through a casino.

Your bank also reports any large transactions or international money transfers- anything over $10k, and that number doesn't adjust with inflation afaik. They have a lot of data and they have built some pretty big cases out of it.

[0]http://www.fintrac-canafe.gc.ca/re-ed/casinos-eng.asp

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Re:Deadly Chinese Fentanyl Is Creating a New Era of Drug Kin... by nacho2sweet on Wednesday May 23, 2018 @06:51PM (#17139184)
Where you been dude. FINTRAC don't do shit. https://globalnews.ca/news/4149818/vancouver-cautionary-tale...
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Re:Deadly Chinese Fentanyl Is Creating a New Era of Drug Kin... by mabbo on Wednesday May 23, 2018 @07:14PM (#17139348)
Well shit. Time to update our relations. O_O
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Re:Deadly Chinese Fentanyl Is Creating a New Era of Drug Kin... by cat199 on Wednesday May 23, 2018 @08:03PM (#17139657)
> large sums of money cashed out an casinos

cashed out?

that's not how you do it. it's about a corrupt casino funnelling the money in and pretending it is gambling earnings..

see also: the movie 'casino' (unsurprisingly)

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Re:Deadly Chinese Fentanyl Is Creating a New Era of Drug Kin... by nacho2sweet on Thursday May 24, 2018 @01:04PM (#17146035)
When you return the chips it is called "cashing out". The casino doesn't let you buy in with a duffle bag of $250,000 and cash out for a cheque from the casino for $250,000 in the same transaction. You have to go play a low variance game like Baccarat and play your money through like 200%. Then you cash out $240,000 and get a cheque from the casino that you can easily deposit into a Canadian bank. Gambling winnings in Canada are also tax free.
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