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Nova Scotia, was imposed an administrative monetary penalty of $231,826 on July 23, 2026
FINTRAC, Canada’s financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor, has imposed an administrative monetary penalty on Nova Scotia Gaming Corporation.
Following a compliance examination, Nova Scotia, was imposed an administrative monetary penalty of $231,826 on July 23, 2026, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.
Nova Scotia Gaming Corporation failed to submit suspicious transaction reports where there were reasonable grounds to suspect that attempted transactions were related to a money laundering or terrorist activity financing offence. It failed to develop and apply written compliance policies and procedures that are kept up to date and are approved by a senior officer.
It also failed to assess and document the risk of a money laundering or a terrorist activity financing offence, taking into consideration the prescribed factors.
Stéphane Sirard, Acting Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada, said: “Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians, the security of Canadian businesses and the integrity of Canada’s financial system. The obligations in the Act deter criminals and terrorists from operating in the legitimate economy and ensure that FINTRAC receives the reporting needed to generate actionable financial intelligence in support of law enforcement and national security investigations. We will take firm action, when it is required, to ensure that businesses do their part and fulfil these obligations.”
