FINTRAC fines New Brunswick and Nova Scotia gaming corporations over AML breaches
The two provincial casino-sector entities have paid a combined CA$631,538.50 after examinations found failures to file suspicious transaction reports.
Canada.- FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada, has imposed administrative monetary penalties totalling CA$631,538.50 (US$457,200) on the New Brunswick Lotteries and Gaming Corporation and the Nova Scotia Gaming Corporation for violating federal anti-money laundering and terrorist financing laws. The cases followed compliance examinations.
New Brunswick Lotteries and Gaming Corporation was fined CA$399,712.50 (US$289,400) for failing to report suspicious transactions that indicated possible connections to money laundering or terrorism financing. The Nova Scotia Gaming Corporation was fined CA$231,826 (US$167,800) in relation to three administrative mistakes. One of these was not reporting suspicious transactions that might have been linked to money laundering or terrorist financing. The corporation also failed to create and use updated written policies for compliance and did not assess and record the risks of money laundering or terrorist financing considering required factors.
FINTRAC said: “Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians, the security of Canadian businesses and the integrity of Canada’s financial system. The obligations in the Act deter criminals and terrorists from operating in the legitimate economy and ensure that FINTRAC receives the reporting needed to generate actionable financial intelligence in support of law enforcement and national security investigations. We will take firm action, when it is required, to ensure that businesses do their part and fulfil these obligations.”
In 2025–26, FINTRAC issued 35 notices of violation of non-compliance to businesses, for a total of more than CA$247m (US$179m).
