Fintrac fines Saskatchewan Indian Gaming Authority $1.1M
By The Canadian Press
September 15, 2025
Bank towers are shown from Bay Street in Toronto's financial district
THE CANADIAN PRESS/Adrien Veczan
OTTAWA — The federal financial intelligence unit responsible for monitoring money laundering and terrorist financing has levied a $1.1-million fine against the Saskatchewan Indian Gaming Authority.
Fintrac says it imposed a monetary penalty on the group after finding it committed three violations.
Those violations include failing to submit suspicious transaction reports where there were reasonable grounds to suspect a link to money laundering or terrorist financing, and a failure to develop and apply written compliance policies and procedures.
It says those violations were uncovered during a compliance examination.
The Saskatchewan Indian Gaming Authority says the penalty is based on administrative reporting requirements and no money laundering, terrorist financing or other financial crimes are taking place on its properties, which include seven casinos in the province.
It says it does not agree with the agency’s findings and will be appealing the $1.1-million fine in Federal Court.
This report by The Canadian Press was first published Sept. 15, 2025.
Alessia Passafiume, The Canadian Press
OTTAWA — The federal financial intelligence unit responsible for monitoring money laundering and terrorist financing has levied a $1.1-million fine against the Saskatchewan Indian Gaming Authority.
Fintrac says it imposed a monetary penalty on the group after finding it committed three violations.
Those violations include failing to submit suspicious transaction reports where there were reasonable grounds to suspect a link to money laundering or terrorist financing, and a failure to develop and apply written compliance policies and procedures.
It says those violations were uncovered during a compliance examination.
The Saskatchewan Indian Gaming Authority says the penalty is based on administrative reporting requirements and no money laundering, terrorist financing or other financial crimes are taking place on its properties, which include seven casinos in the province.
It says it does not agree with the agency’s findings and will be appealing the $1.1-million fine in Federal Court.
This report by The Canadian Press was first published Sept. 15, 2025.
Alessia Passafiume, The Canadian Press
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