Feed / Enforcement & compliance
By SectorWire desk ·
FINTRAC imposed fines related to anti-money laundering on two Canadian government gaming corporations. The penalties concerned corporations in Nova Scotia and New Brunswick.
The penalties expose provincial government gaming corporations to enforcement by Canada’s anti-money laundering watchdog.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Both gaming organisations complied with FINTRAC’s suspicious transaction penalties, and their enforcement cases are closed.
Failures to report suspicious transactions resulted in anti-money laundering penalties that both gaming corporations paid in full.
Gaming corporations in New Brunswick and Nova Scotia paid CA$631,538.50 after examinations found failures to report suspicious transactions.
Atlantic Lottery will not contest the compliance penalty.
Atlantic Lottery will pay the penalty without contesting FINTRAC’s ruling.