In assessing the ownership and source of assets used for a designated investment, officers may make inquiries into the source of funds of the initial capital for eligible investments as well as for the designated investment. If officers have concerns as to how the applicant accumulated funds for a bank deposit sufficient to generate the designated investment, they may make inquiries to satisfy themselves that the original funds were accumulated legally. Gifts, bequests and inheritance are acceptable sources of funds for making the complying significant investment. If the source of funds are claimed to be gifts, bequests or inheritance, the applicant must demonstrate that the funds were lawfully acquired. Failure to do so will
result in the refusal of their application. In most circumstances, due to the high incidence of money laundering associated with gambling activity, an applicant will be unable to demonstrate that gambling gains were lawfully acquired. Gambling gains may include money obtained from casino games and odds betting on sports and horse or greyhound racing. However,
public lottery wins are likely to be regarded as a legitimate source of funds for making the complying significant investment since the outcomes are relatively difficult to manipulate.
