FINTRAC fines Atlantic Lottery C$212,025 for three compliance violations

FINTRAC imposed a C$212,025 administrative monetary penalty on Atlantic Lottery for three compliance violations under Canada’s anti-money laundering legislation and regulations. The violations involved a missing suspicious transaction report, deficient written compliance policies and procedures, and an inadequate documented risk assessment. Atlantic Lottery said the findings were administrative, denied any allegations of criminal or wilful misconduct, and said it had paid the penalty without appealing.