Nova Scotia Gaming Corp.'s casino sector fined under Proceeds of Crime Act

Advertisement 1 This advertisement has not loaded yet, but your article continues below. Breadcrumb Trail Links HomeAtlantic CanadaNewsNova Scotia Nova Scotia Gaming Corp.'s casino sector fined under Proceeds of Crime Act Compliance examination leads to penalties under Proceeds of Crime and Terrorist Financing Act Author of the article: By The Chronicle Herald Published Sep 04, 2026 Last updated 2 hours ago 2 minute read The Nova Scotia Gaming Corp.'s casino division has been fined under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. PHOTO BY TIM KORCHAK /CHRONICLE HERALD Article content The Financial Transactions and Reports Analysis Centre of Canada has penalized the Nova Scotia Gaming Corp. for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations. Article content The centre said in a news release that the issue in the gaming corporation’s casino sector was found during a compliance examination, resulting in the imposition of a $231,826 penalty on July 23. Article content Article content Article content The release said the gaming corporation was found to have committed three administrative violations: Article content Failure to submit suspicious transaction reports when there were reasonable grounds to suspect that attempted transactions were related to a money laundering or terrorist activity financing offence. Failure to develop and apply written compliance policies and procedures that are kept up to date and are approved by a senior officer. Failure to assess and document the risk of a money laundering or terrorist activity financing offence, taking into consideration the prescribed factors. Article content The full amount has been paid and the case is closed, the centre said. Article content Its acting director, Stéphane Sirard, said in the release that the obligations in the act deter criminals and terrorists from operating in the legitimate economy “and ensure that (Financial Transactions and Reports Analysis Centre) 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 fulfill these obligations.” Article content Article content Its role is to ensure that businesses subject to the act comply with their obligations. The centre also analyzes information and discloses…