The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 199,000 administrative monetary penalty on the Canadian National Exhibition Association, operating as Canadian National Exhibition Casino (CNE Casino), following a compliance examination of the Toronto, Ontario casino. FINTRAC found non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. The violations cited were failures to assess and document the risk of a money laundering or terrorist financing offence using prescribed factors, and to institute and document the prescribed review.
Financial Transactions and Reports Analysis Centre of Canada 2025-09-04
Financial Transactions and Reports Analysis Centre of Canada fines CNE Casino CAD 199,000 for AML compliance regime failures
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) levied a CAD 199,000 penalty on the Canadian National Exhibition Casino for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate risk assessment and documentation related to money laundering and terrorist financing.