B.C. Lotteries appeals $700,000 money-laundering fine

B.C. Lotteries is appealing the nearly $695 750 fine it received earlier this year from the federal agency that tracks money laundering. Among other things, it claims that the public should not have been told B.C. Lotteries was facing such a penalty.

In June 2009, BCLC received a notice from the Financial Transactions and Reports Analysis Centre of Canada (Fintrac) that it was being fined about $700 000 for errors made in more than 1 000 reports that detailed transactions over $10,000 at B.C. casinos.

Leave a Reply

You must be logged in to post a comment.