{"id":434,"date":"2025-08-29T09:38:34","date_gmt":"2025-08-29T09:38:34","guid":{"rendered":"http:\/\/www.sourceforterminals.com\/?p=434"},"modified":"2025-08-29T15:24:04","modified_gmt":"2025-08-29T15:24:04","slug":"bc-lottery-corp-claims-fintrac-ambushed-it-in-money-laundering-probe","status":"publish","type":"post","link":"http:\/\/www.sourceforterminals.com\/index.php\/2025\/08\/29\/bc-lottery-corp-claims-fintrac-ambushed-it-in-money-laundering-probe\/","title":{"rendered":"BC Lottery Corp Claims FINTRAC \u201cAmbushed\u201d It in Money Laundering Probe"},"content":{"rendered":"<p>The post <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2025\/08\/29\/bc-lottery-corp-claims-fintrac-ambushed-it-in-money-laundering-probe\/\">BC Lottery Corp Claims FINTRAC \u201cAmbushed\u201d It in Money Laundering Probe<\/a> appeared first on <a href=\"https:\/\/www.vegasslotsonline.com\/news\">Vegas Slots Online News<\/a>.<\/p>\n<div style=\"margin-top: 0px;margin-bottom: 0px\" class=\"sharethis-inline-share-buttons\"><\/div>\n<p>The British Columbia Lottery Corporation has claimed that it has been targeted and \u201cambushed\u201d by the nation\u2019s financial regulator.<\/p>\n<p>The BC Lottery Corp filed a notice of appeal last week against the Financial Transactions and Reports Analysis Center of Canada (FINTRAC). It claims that FINTRAC wrongfully penalized it for violating money laundering and terrorisms financing laws.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cambushed\u201d without the chance to correct FINTRAC\u2019s misjudgements<\/p>\n<\/blockquote>\n<p>The lottery firm says that it wasn\u2019t notified about the investigation, and was \u201cambushed\u201d without the chance to correct FINTRAC\u2019s misjudgements. The probe ultimately resulted in CA$1m+ (US$730,000) of fines for BC Lottery Corp.<\/p>\n<p>The company claims that it has fully complied with Canadian law in all instances, and FINTRAC focused on one casino patron and their \u201cfrequent use of $100 bills.\u201d BC Lottery Corp deemed this an \u201cirrelevant factor\u201d that FINTRAC used for the basis of its case.<\/p>\n<p>The financial regulator also concluded that the operator should have filed a suspicious transaction report over this customer given their \u201cbehavior and responses to interview questions.\u201d However, BC Lottery Corp claims this was due to the patron\u2019s English language skills.<\/p>\n<p>Through the appeal, the lottery corporation is hoping to either cancel out the penalties or have them reduced.<\/p>\n<p>The post <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2025\/08\/29\/bc-lottery-corp-claims-fintrac-ambushed-it-in-money-laundering-probe\/\">BC Lottery Corp Claims FINTRAC \u201cAmbushed\u201d It in Money Laundering Probe<\/a> appeared first on <a href=\"https:\/\/www.vegasslotsonline.com\/news\">Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The post BC Lottery Corp Claims FINTRAC \u201cAmbushed\u201d It in Money Laundering Probe appeared first on Vegas Slots Online News. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[],"_links":{"self":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts\/434"}],"collection":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/comments?post=434"}],"version-history":[{"count":1,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts\/434\/revisions"}],"predecessor-version":[{"id":435,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/posts\/434\/revisions\/435"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/media\/237"}],"wp:attachment":[{"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/media?parent=434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/categories?post=434"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sourceforterminals.com\/index.php\/wp-json\/wp\/v2\/tags?post=434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}