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Canada – Loto-Québec welcomes audit’s recommendations on anti-money laundering

By - 22 June 2021

Canadian gaming operator Loto-Québec has reviewed the findings stemming from the independent audit on money laundering and loan sharking in Québec casinos and gaming halls. The Corporation finds that many of the audit’s recommendations are in line with the steps it has already taken to improve its practices and address the complex challenges associated with organized crime groups, which are always refining their methods.

“We know that the fight against money laundering is an ongoing challenge, and we’re pleased to see that many of the audit’s recommendations pertain to measures that are already in place or about to be rolled out. For example, we’ll be automating our systems to home in on potentially questionable practices. We’ll also continue to collaborate with the various stakeholders involved in the fight against money laundering,” said Loto-Québec President and CEO Jean-François Bergeron.

Loto-Québec offered its full cooperation during the audit, which focused on four pillars of intervention: money laundering, loan sharking, loyalty programs, and the independence and security of employees.

The report confirms that at no time was the independence of the Corporation’s employees compromised and that staff members have the requisite knowledge of the policies, procedures and processes to be followed in the course of their duties. Furthermore, there was no evidence of interference intended to stop internal investigations within the casinos.

“It’s reassuring for the Board to see that the report acknowledges Loto-Québec’s strong record of implementing its recommended actions and improvements. The Board will ensure that the Corporation maintains its efforts and continues to promote the use of best practices with regard to integrity within its gaming locations,” said Hélène F. Fortin, Chairwoman of Loto-Québec’s Board of Directors.

Loto-Québec points out that it provides a positive entertainment experience at Québec casinos. Its gaming locations are safe for customers and employees, thanks in no small part to a sophisticated, state-of-the-art security ecosystem. The Corporation stays abreast of best practices in the fight against money laundering in order to promote order and moderation, as laid out in its mission statement.

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