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FINTRAC Issued AML-Related Fines to Two Gaming Organizations

By jili tutorial · September 5, 2026

FINTRAC Issues AML Fines to Two Gaming Organizations

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed penalties on two provincial gaming bodies—the New Brunswick Lotteries and Gaming Corporation and the Nova Scotia Gaming Corporation—for failing to comply with anti-money laundering (AML) and counter-terrorist financing (CTF) obligations. According to FINTRAC, both organizations have paid the fines, and the cases are now closed.

New Brunswick Lotteries and Gaming Corporation Fined $289K

On September 3, 2026, FINTRAC announced that the New Brunswick Lotteries and Gaming Corporation had received an administrative monetary penalty for AML-related violations. The regulator stated that the corporation failed to submit suspicious transaction reports tied to potential money laundering and terrorist financing activities. FINTRAC described this failure as a serious offense.

The penalty, originally imposed on July 24, 2026, was set at CAD 399,712.50 (approximately $289,000 USD). Stéphane Sirard, acting director and CEO of FINTRAC, emphasized that Canada’s AML and CTF rules are designed to protect Canadians, businesses, and the financial system from harm and fraud. He noted that obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act are critical to deterring criminal activity. “We will take firm action, when it is required, to ensure that businesses do their part and fulfill these obligations,” Sirard stated.

FINTRAC confirmed that the New Brunswick Lotteries and Gaming Corporation has since paid the penalty, closing the matter.

Nova Scotia Gaming Corporation Fined $167.5K

FINTRAC also penalized the Nova Scotia Gaming Corporation for non-compliance with the same Act. The fine, originally imposed on July 23, 2026, was set at CAD 231,826 (approximately $167,500 USD).

According to FINTRAC, the Nova Scotia Gaming Corporation submitted reports related to attempted transactions that could have been linked to money laundering or terrorist financing. Additionally, the organization failed to develop and maintain written compliance policies and procedures that are up to date and approved by a senior officer. FINTRAC concluded that the corporation had not adequately assessed the risk of money laundering and terrorist financing.

CEO Sirard issued a similar statement regarding this fine, reiterating that his team will not hesitate to take action when needed to enforce compliance.