FINTRAC imposes an administrative monetary penalty on Atlantic Lottery Corporation Inc.

News release

July 9, 2026 — Ottawa

FINTRAC announced today that it has imposed an administrative monetary penalty on Atlantic Lottery Corporation Inc., also operating as Atlantic Lottery. Following a compliance examination, this reporting entity in the casino sector, headquartered in Moncton, New Brunswick, was imposed an administrative monetary penalty of $212,025 on May 29, 2026, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations.

Atlantic Lottery Corporation Inc. was found to have committed the following administrative violations:

• Failure to submit a suspicious transaction report where there were reasonable grounds to suspect that a transaction or attempted transaction is related to the commission or attempted commission of a money laundering or a 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 money laundering of terrorist activity financing offence, taking into consideration the prescribed factors.

Atlantic Lottery Corporation Inc. has paid the administrative monetary penalty in full and the case is closed.

Quote

“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 fulfill these obligations.”

Quick facts

• As Canada's financial intelligence unit and anti-money laundering and anti-terrorist financing supervisor, FINTRAC ensures that businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) comply with their obligations under the Act and associated Regulations. The Centre also analyzes information and discloses financial intelligence to law enforcement and national security agencies to assist their investigations of money laundering, terrorist activity financing, sanctions evasion and threats to the security of Canada.
• Casinos, financial entities, money services businesses, real estate brokers and sales representatives and several other business sectors are required under the Act to keep certain records, identify clients, maintain a compliance regime and report certain financial transactions to FINTRAC, including international electronic funds transfers, large cash transactions, large virtual currency transactions and suspicious transactions.
• Suspicious transaction reporting, in particular, is critical to FINTRAC’s ability to generate actionable financial intelligence for Canada’s law enforcement and national security agencies.
• Under the Act, administrative monetary penalties are meant to encourage change in the non-compliant behaviour of businesses.
• In 2025–26, FINTRAC issued 35 Notices of Violation of non-compliance to businesses, the largest number in one year in the Centre’s history, for a total of more than $247 million.
• FINTRAC has imposed more than 180 penalties across most business sectors since it received the legislative authority to do so in 2008.
• With the reporting received from businesses subject to the Act, FINTRAC generated 7,214 financial intelligence disclosure packages, based on 3,007 unique disclosures last year, the largest number of disclosures that the Centre has produced in a single year.
• Over the last year, FINTRAC’s financial intelligence identified 10,650 subjects of interest and contributed to 348 major, resource intensive (project-level) investigations as well as many hundreds of other individual investigations at the municipal, provincial and federal levels across the country.

Related products

• Public notice of administrative monetary penalties
• Change to public notices for administrative monetary penalties
• Administrative monetary penalties policy

Contacts

Media Relations
Financial Transactions and Reports Analysis Centre of Canada
613-716-9983
media.medias@fintrac-canafe.gc.ca

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