The Financial Transactions and Reports Analysis Centre of Canada has imposed a CAD 212,025 administrative monetary penalty on Atlantic Lottery Corporation Inc., operating as Atlantic Lottery, following a compliance examination. The casino-sector reporting entity was penalized on May 29, 2026, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and related regulations. The violations included failing to submit a suspicious transaction report where there were reasonable grounds to suspect a transaction or attempted transaction was linked to money laundering or terrorist activity financing, failing to maintain written compliance policies and procedures that were up to date and approved by a senior officer, and failing to assess and document money laundering and terrorist activity financing risk using the prescribed factors. Atlantic Lottery has paid the penalty in full, and FINTRAC said the case is closed.
Financial Transactions and Reports Analysis Centre of Canada2026-07-09
Financial Transactions and Reports Analysis Centre of Canada fines Atlantic Lottery CAD 212025 for AML compliance failures
The Financial Transactions and Reports Analysis Centre of Canada imposed a CAD 212,025 penalty on Atlantic Lottery after a compliance examination found anti-money laundering compliance failures. The breaches included failure to file a suspicious transaction report, inadequate written compliance policies and procedures, and inadequate risk assessment documentation. Atlantic Lottery has paid the penalty and the case is closed.