Canada's financial regulator FINTRAC has imposed a $231,826 administrative penalty on Nova Scotia Gaming Corporation. The sanction took effect on July 23, 2026, following a compliance examination.
The operator violated Part 1 of the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Nova Scotia Gaming Corporation failed to file suspicious transaction reports despite having reasonable grounds to believe the transactions were related to money laundering or terrorist financing. The company also failed to develop written compliance procedures approved by a senior officer and did not conduct a risk assessment according to prescribed criteria.
Stéphane Sirard, acting director of FINTRAC, said the anti-money laundering regime protects the safety of Canadians and the integrity of the country's financial system. Obligations under the act prevent criminals and terrorists from operating in the legal economy and provide the regulator with data for investigations. The regulator will apply strict measures when businesses fail to meet requirements.
The penalty signals to operators in Canada that AML compliance remains a supervisory priority. Casinos and bookmakers need to verify their internal reporting procedures and risk assessments. Lack of documented policies or ignoring suspicious transactions leads directly to sanctions.
