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Tuesday, February 27, 2024

Fallsview Casino hit with monetary penalty for AML violations in Ontario

AGCOFallsview Casino hit with monetary penalty for AML violations in Ontario

The Alcohol and Gaming Commission of Ontario (AGCO) has issued a CAD$70,000 monetary penalty to Fallsview Casino Resort in Niagara Falls for anti-cash laundering violations.

In April ultimate year, a client attended the Salon Privé on the Fallsview Casino Resort and presented $80,000 in strapped $one hundred payments from a reusable grocery bag.

Surveillance confirmed that after the cash become counted and confirmed, the client left the desk with on line casino chips with out gambling at that time. Despite having formerly recognized the participant as ‘excessive risk,’ the on line casino did not notify the AGCO and on-webweb page police of this transaction as required.

The on line casino operator additionally did not take any significant steps to check and corroborate the client’s supply of funds, as is needed through anti-cash laundering guidelines set out withinside the Registrar’s Standards for Gaming.

“The AGCO is devoted to protective the general public hobby and public protection and stays vigilant in its efforts to shield in opposition to ability cash laundering at Ontario’s gaming sites,” stated AGCO CEO and registrar Karin Schnarr. “Casino operators are vital front-line companions on this attempt and the AGCO holds all operators to rigorous requirements in relation to the prevention of illegal activity.”

In accordance with AGCO board guidelines, Fallsview Casino has been served an Order of Monetary Penalty totalling $70,000 for the alleged infractions.

The operator has the proper to attraction the Registrar’s movement to the Licence Appeal Tribunal (LAT), an adjudicative tribunal impartial of the AGCO and a part of Tribunals Ontario.

Fallsview Casino is operated through Mohegan and ruled through Ontario Lottery and Gaming Corporation (OLG).

In associated news, the AGCO has appointed Brent McCurdy because the agency’s new leader criminal officer.

McCurdy has been a key member of AGCO’s management for over a decade and maximum these days served as deputy leader working officer and deputy registrar.

Previously he served as director of coverage and director of company affairs on the AGCO. He has additionally held some of senior roles in government, which include leader of workforce to the Ministers of Municipal Affairs and Natural Resources.

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