Canada’s financial intelligence regulator has fined the New Brunswick Lotteries and Gaming Corporation C$399,712.50 after finding that the casino-sector organisation failed to report transactions it had reasonable grounds to suspect were linked to money laundering or terrorist financing.
The penalty was imposed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) on July 24, 2026, following a compliance examination of the Fredericton-based organisation.
New Brunswick Lotteries and Gaming Corporation has since paid the penalty in full, bringing the case to a close.
Failure to Report Suspicious Transactions
FINTRAC identified one administrative violation during its examination: the organisation failed to submit suspicious transaction reports when there were reasonable grounds to suspect that transactions were connected to a money laundering or terrorist activity financing offence.
Such reporting is a key part of Canada’s anti-money laundering framework, allowing FINTRAC to turn information supplied by regulated businesses into financial intelligence for law enforcement and national security investigations.
Casinos are among the businesses required under Canadian law to identify customers, maintain compliance programmes and report certain transactions to FINTRAC.
FINTRAC Steps Up Enforcement
The penalty comes as FINTRAC continues to increase pressure on businesses covered by Canada’s anti-money laundering and anti-terrorist financing regime.
During 2025–26, FINTRAC issued 35 Notices of Violation, the highest annual number in the Centre’s history. The penalties and settlements associated with those cases totalled more than C$247 million.
Since receiving the authority to impose administrative monetary penalties in 2008, FINTRAC has issued more than 180 penalties across multiple sectors.
The regulator said enforcement action is intended to encourage businesses to correct non-compliant behaviour and meet their reporting obligations.
Financial Intelligence Reaches Record Levels
FINTRAC’s latest enforcement figures come alongside a record level of financial intelligence production.
Over the past year, the Centre generated 7,214 financial intelligence disclosure packages based on 3,007 unique disclosures, its highest annual total to date.
That intelligence identified 10,650 subjects of interest and contributed to 348 major, resource-intensive investigations, as well as hundreds of other investigations conducted at municipal, provincial and federal levels.
FINTRAC Acting Director and CEO Stéphane Sirard said businesses have a responsibility to fulfil their obligations under Canada’s anti-money laundering framework, stressing that effective reporting is essential to protecting the country’s financial system.
The New Brunswick case is now closed, but the penalty reinforces the growing compliance expectations facing Canada’s casino sector and other businesses operating within the country’s financial crime prevention regime.