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FINTRAC fines two Canadian gaming corporations over anti-money laundering breaches
By SectorWire desk ·
Summary
FINTRAC imposed anti-money laundering penalties on Nova Scotia Gaming Corporation and New Brunswick Lotteries and Gaming Corporation. The penalties were C$231,826 and C$399,712.50 respectively. Both corporations paid in full after reviews identified failures to report suspicious transactions.
Why it matters
Failures to report suspicious transactions resulted in anti-money laundering penalties that both gaming corporations paid in full.