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If a person places a bet of $10,000 with an on-course bookmaker, does the bookmaker have any reporting obligations?

April 26, 2017bookmaker obligations on-course person

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If a person places a bet of $10,000 with an on-course bookmaker, does the bookmaker have any reporting obligations?

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A. Yes, the bookmaker must complete a threshold transaction report (TTR). If the bookmaker forms a suspicion on reasonable grounds, he/she will also be required to submit a suspicious matter report.