Casino operator fined $170,000 over missed anti-money laundering reports
Ontario gambling regulator fines Pickering Casino Resort operator for AML lapses See why high-risk patron checks and reporting failures triggered a $170K penalty
Ontario's gambling regulator says the operator of Pickering Casino Resort has been fined $170,000 after failing to flag highrisk patrons and report suspicious activity linked to possible money laundering.
The Alcohol and Gaming Commission of Ontario said an audit found Great Canadian Entertainment did not properly assess or monitor certain highrisk customers who should have received enhanced scrutiny.
The regulator also said mandatory suspicious transaction reports were not filed in several cases where patrons showed signs of possible laundering. Great Canadian Entertainment did not immediately comment, and the company has 15 days to appeal the decision.