The Financial Transactions and Reports Analysis Centre of Canada imposed a CAD 231,826 administrative monetary penalty on Nova Scotia Gaming Corporation following a compliance examination. The casino-sector reporting entity paid the penalty in full, and the case is closed. The violations involved failing to submit suspicious transaction reports for attempted transactions where there were reasonable grounds to suspect links to money laundering or terrorist financing. The corporation also failed to maintain up-to-date, senior officer-approved compliance policies and procedures and to assess and document its money laundering and terrorist financing risks using prescribed factors.
2026-09-03Financial Transactions and Reports Analysis Centre of Canada
Financial Transactions and Reports Analysis Centre of Canada fines Nova Scotia Gaming Corporation CAD 231,826 for anti-money laundering compliance failures
The Financial Transactions and Reports Analysis Centre of Canada fined Nova Scotia Gaming Corporation CAD 231,826 for anti-money laundering compliance failures. The violations concerned suspicious transaction reporting, compliance policies and procedures, and risk assessment and documentation. The penalty has been paid in full, and the case is closed.