BCLC appeals FINTRAC penalty of more than C$1m
British Columbia Lottery Corporation said it is appealing to the Federal Court a FINTRAC decision imposing a penalty of more than $1m for three alleged violations of anti-money-laundering legislation. BCLC said the findings do not allege a criminal offence and that it disputes FINTRAC’s conclusions; the agency upheld its decision after reviewing information from the corporation.
The appeal puts FINTRAC’s enforcement decision and BCLC’s compliance position before the Federal Court.