AGCO Fines Great Canadian Entertainment $170,000 Over Pickering Casino Resort Lapses
AGCO said an audit found Great Canadian Entertainment failed to track high-risk patrons and file suspicious transaction reports in multiple cases.
- On Tuesday, the Alcohol and Gaming Commission of Ontario fined Pickering Casino Resort $170,000 for failing to identify "high risk" patrons and report suspicious activity, including potential money laundering.
- An audit by the AGCO revealed that Great Canadian Entertainment, the casino operator, failed to properly assess and track high-risk patrons who were not subject to required enhanced scrutiny.
- The AGCO found that mandatory suspicious transaction reports were not filed in multiple cases where patrons showed indicators of potential money laundering, compounding compliance failures.
- Great Canadian Entertainment has 15 days to appeal the decision, though the company did not immediately respond to a request for comment on the penalty.
- The AGCO is working with partners to continually review and improve compliance results, emphasizing ongoing regulatory oversight of gaming operations to prevent financial crimes.
19 Articles
19 Articles
Casino operator fined $170K after failing to report potential money laundering
Ontario's alcohol and gaming regulator says the operator of Pickering Casino Resort is facing a $170,000 fine after failing to identify "high risk" patrons and report suspicious activity, including possible signs of money laundering.
The Toronto Star
Casino operator fined $170k after failing to report potential money laundering: AGCO
PICKERING - Ontario's alcohol and gaming regulator says the operator of Pickering Casino Resort is facing a $170,000 fine after failing to identify "high risk" patrons and report suspicious activity,
Casino operator ordered to pay $170K after AGCO finds it failed to report potential money laundering
Great Canadian Entertainment (GCE) has been ordered to pay $170,000 for failing to identify and report potential money laundering at Pickering Casino Resort, according to the Alcohol and Gaming Commission of Ontario (AGCO).
Ontario regulator fines Great Canadian over Pickering Casino anti-money laundering compliance failures
The Alcohol and Gaming Commission of Ontario has ordered Great Canadian Entertainment to pay $170,000 in monetary penalties after a compliance audit found shortcomings in how Pickering Casino Resort identified, assessed and reported suspected money laundering activity. According to the regulator, the audit uncovered several areas where the casino operator fell short of Ontario’s gaming standards. The AGCO said multiple high-risk patrons were not…
Casino operator fined $170k after failing to report potential money laundering: AGCO – 105.9 The Region
PICKERING — Ontario’s alcohol and gaming regulator says the operator of Pickering Casino Resort is facing a $170,000 fine after failing to identify “high risk” patrons and report suspicious activity, including possible signs of money laundering. The Alcohol and Gaming Commission of Ontario says an audit of Pickering Casino Resort showed Great Canadian Entertainment failed to “properly assess and track high-risk patrons that were not subject to r…
AGCO orders $170,000 in penalties against Great Canadian Entertainment for failing to adequately identify and report potential money laundering at Pickering Casino Resort
/CNW/ - The Alcohol and Gaming Commission of Ontario (AGCO) has ordered monetary penalties totalling $170,000 on Great Canadian Entertainment (GCE) for failing...
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