N.B. and N.S. gaming Crown corps fined for lax money laundering reports
Canada's money laundering watchdog has fined the New Brunswick Lotteries and Gaming Corporation and Nova Scotia Gaming Corporation for lax money laundering reporting. Fintrac, the Canadian Anti-Fraud Centre, issued fines totaling nearly $632,000 to the Crown corporations responsible for gaming in New Brunswick and Nova Scotia.
Both organizations failed to submit suspicious transaction reports when they had reasonable grounds to suspect money laundering or terrorist activity, according to Fintrac. Nova Scotia Gaming was additionally cited for failing to develop up-to-date written compliance policies and not documenting the risk of money laundering or terrorist activity financing.
Fintrac's acting director and CEO, Stéphane Sirard, emphasized that regulated businesses have obligations under Canadian law to file reports to deter criminals and terrorists from operating within the legitimate economy. He stated that his organization will take firm action to ensure businesses fulfill these obligations.
The fines were imposed for failures in reporting suspicious activity to Fintrac, the Canadian organization responsible for combating money laundering and terrorist financing. The details of the fines were reported by The Canadian Press on September 3, 2026.
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