Jetvic wrote: “His withdrawal and financial transaction patterns were consistent with money laundering techniques that I have observed as an investigator.”Ĭasinos in Toronto reportedly made hundreds of suspicious transaction reports (STRs) over Kanapathipilla’s activities. Constable Vic Jetvic, wrote in an affidavit that records from the accounts belonging to Kanapathipillai showed that he used to deposit lots of money into his account and then withdraw them. There’s more to this than just gambling.” He explained: “These seem pretty obvious.

Garry Clement, a retired money laundering specialist with the RCMP claimed that the casinos need to take a proactive approach and keep individuals such as Kanapathipillai out.

Still, it is important to mention that the man currently doesn’t face official criminal charges. It is likely that such activity helped Kanapathipillai accumulate large amounts of money which he allegedly attempted to launder through different casinos. The man was allegedly a loan shark, court documents claim. The Devil Is in the DetailsĬoncerns about Kanapathipilla’s source of funds continue to rise as investigators are trying to determine whether he is involved in a large-scale money laundering scheme that involved a sum surpassing CA$11 million ($8.1 million) for the last 12 years. Kanapathipillai was reportedly due to appear in court last week to claim the seized cash. The man caught the attention of the authorities after in November, a cash buy-in close to CA$100,000 ($73,500) at Niagara Falls was flagged and seized, a report released by CTV News claims. Over the last few years alone, Branavan Kanapathipillai allegedly deposited and withdrew large amounts of money around Toronto, Canada casinos. However, as gambling operators adhere to regulations related to anti-money laundering, large transactions are often flagged and reported.Ī man, allegedly involved in a multi-million-dollar money laundering operation is now reportedly under investigation after being active for more than a decade. To launder funds, obtain in an illicit way, some fraudsters deposit and withdraw the money through a gambling venue. Land-based and online casinos can sometimes become victims of illegal activities such as money laundering.

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