Charity casino at CNE fined $199K for violating federal anti-money laundering and terrorism finance law

The CNE Casino, part of Canada’s largest summer fair, faces nearly $200,000 in fines for violating federal anti-money laundering laws, which it is appealing, claiming no wrongdoing. Found lacking in risk assessment and compliance reviews, the casino maintains its operations during the appeal, arguing that its practices meet regulatory requirements and that the penalties are excessively harsh.

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