Great Canadian Entertainment (GCE) has been ordered to pay $170,000 for failing to identify and report potential money laundering at Pickering Casino Resort, according to the Alcohol and Gaming Commission of Ontario (AGCO).
After completing a compliance audit of the Pickering Casino Resort, the AGCO said Tuesday it identified many failures by GCE to “properly assess and track high-risk patrons that were not subject to required enhanced scrutiny. ”
The gaming commission also said it found mandatory suspicious transaction reports were not filed in many instances where patrons displayed potential money laundering indicators. The AGCO says this includes failing to implement risk-based policies and procedures that carry out escalating measures for patrons who exhibit this kind of behaviour.
