The Pickering Casino Resort has been fined $170,000 for not reporting possible money laundering
An Alcohol and Gaming Commission audit found that suspicious transaction reports weren’t submitted when they should have been
An audit of the Pickering Casino Resort concluded that operators of the GTA casino did not “properly assess and track high-risk patrons that were not subject to required enhanced scrutiny,” according to a report from the Canadian Press.
The audit was completed by the Alcohol and Gaming Commission of Ontario, and as a result, the casino’s operators now face a $170,000 fine.
Mandatory suspicious transaction reports were not submitted following numerous occurrences in which casino patrons demonstrated indications of potential money laundering, the audit found.
Great Canadian Entertainment, which owns the casino, did not respond to comment requests. The company has 15 days to appeal the outcome of the audit.
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Carly Lewis is a journalist whose work has appeared in the New York Times and the New York Times Magazine, Vanity Fair, Wired, Interview Magazine, Pitchfork, Elle, and Maclean’s, where she is a contributing editor. Her work has been recognized by the National Magazine Awards and the Digital Publishing Awards. She reports on city life, culture—including what people do online—politics, art and crime. She received the Dave Greber Freelance Writers Award for “The Murder of Ashley Wadsworth,” an investigative feature about a Canadian teenager who was killed by a man she met on social media, published by Maclean’s.
