MGE Niagara Entertainment Inc. must pay a fine of CAD$70,000 ($51,800) after failing to check an individual who brought in CAD$80,000 ($59,200) in cash to a casino.
presented the money in $100 bills inside a recyclable bag
Last April, the person entered the Fallsview Casino Resort in Canada and went to the Salon Privé where they presented the money in $100 bills inside a recyclable bag. According to surveillance, once the money was counted and confirmed, the patron left with the casino chips without playing.
The Alcohol and Gaming Commission of Ontario (AGCO) issued a penalty to the casino’s operator for failling to meet anti-money laundering (AML) requirements.
According to the commission, even though the individual was labeled “high risk,” onsite police and the AGCO wasn’t made aware of the transaction. Under AML rules, the operator was required to check the source of the person’s funds; however, this wasn’t done.
CTV has reported that “billions of dollars” are laundered through Canada’s casinos.