The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed penalties on two government gaming corporations amounting to a total of CA$631,538.50 (US$457,913) for breaching anti-money laundering (AML) rules.
The fines are reportedly linked to the Atlantic Lottery Corporation’s online gaming operations.
FINTRAC imposed a CA$399,712 (US$289,822) administrative monetary penalty on New Brunswick Lotteries and Gaming Corporation on 24 July after an investigation found it had failed to file suspicious transaction reports despite reasonable grounds to believe transactions could be linked to AML.
The Nova Scotia Gaming Corporation was also fined CA$231,826 (US$168,091) on 23 July regarding a separate compliance examination.
