The B.C. Lottery Corp. is taking the federal government to court, claiming it was wrongly penalized more than $1 million [US$782,000] for anti-money-laundering and terrorist financing violations earlier this year by a federal financial watchdog.
The lottery corporation filed a notice of appeal last week in Federal Court against Fintrac for allegedly wrongfully penalizing the Crown corporation for three alleged violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
The lottery corporation claims it wasn’t properly notified it was under examination, and was instead “ambushed” by the anti-money-laundering regulator without a chance “to correct Fintrac’s misunderstandings and misapprehensions” about the casino and gaming industry.
