Finance , News By Region , North America
January 19, 2024

FINTRAC Issues Money Laundering Alert for Online Gambling

Be Vigilant: FINTRAC Raises Alarm on Money Laundering Risks in Online Gambling The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has sounded a clear warning to the gambling sector. In a special bulletin, FINTRAC has flagged the heightened risk of money laundering through online gambling, urging operators and payment providers to remain vigilant […]

Business , Casino , Finance , Legal , North America
May 16, 2023

Cashier cages at Ontario casinos have reported a surge in suspicious activity

The unprecedented volume of questionable monetary transactions at casinos has sparked demands for the province to enhance investigations into the origins of these suspicious funds. Just as the US has the Bank Secrecy Act, which obligates financial institutions and cash-intensive businesses to file a suspicious activity report (SAR) when they suspect customers are attempting to […]