Pickering Casino Resort fined for failing to flag suspicious transactions, other infractions
· Toronto Sun
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Pickering Casino Resort has been fined $170,000 in penalties by the Alcohol and Gaming Commission of Ontario for allegedly failing to adequately “i dentify, assess and monitor high-risk patrons and report suspicious activity, including potential money-laundering indicators.”
The AGCO said in a statement that a compliance audit of Pickering Casino Resort allegedly identified several failures by Great Canadian Entertainment to properly assess and track high-risk patrons who were not subject to required enhanced scrutiny.
The review also found that required suspicious transaction reports were allegedly not filed in a number of cases where patrons showed signs for potential money laundering.
AGCO wants proactive approach from operators
“The AGCO requires casino operators to take a proactive approach to identifying and reporting suspicious activity,” said Karin Schnarr, the chief executive and registrar of the AGCO, in a statement.
“When high-risk behaviour is not properly monitored or reported, it weakens important safeguards that protect the integrity of Ontario’s gaming sector. The AGCO will continue to hold operators accountable to high standards of responsible operation.”
A casino operator served with an penalty has the right to appeal the registrar’s action within 15 days to the Licence Appeal Tribunal (LAT), an adjudicative body that is part of Tribunals Ontario and independent of the AGCO.
The casino itself opened in 2021 and two years later Bryan Adams opened the 2,500-seat arena on site, which includes a hotel and several restaurants, with several Toronto Blue Jays players seated in the front row.