Atlantic Lottery has paid a $212,025 administrative penalty to Canada’s financial watchdog for three violations of federal anti-money laundering rules.
Company does not plan to appeal compliance violations
Hope Edmond · CBC News
· Posted: Jul 11, 2026 12:51 PM EDT | Last Updated: 3 hours ago
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Atlantic Lottery Corporation was found to have committed three compliance violations relating to financial crime reporting. (CBC)
The Atlantic Lottery Corporation has paid a $212,025 administrative penalty to Canada’s financial watchdog for violating rules meant to report money laundering and terrorist financing.
The penalty was handed down on May 29 by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). According to a news release, the watchdog found the Moncton-based corporation committed three violations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
The violations include failing to report a suspicious transaction, keeping internal rules up to date, and properly tracking the risk of financial crimes.
In a statement, Atlantic Lottery said it takes its obligations seriously, adding it has measures in place to deter financial crimes and is working closely with regulators and law enforcement to strengthen them.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/canada/new-brunswick/atlantic-lottery-fintrac-fine-9.7266963?cmp=rss
