All casinos in this country design and implement AML programs that follow a risk-based approach. This includes rigorous systems of internal controls, employee training, and proactive communications to ensure that all transactions required by regulation are reported to FINTRAC. AML requirements for gaming operators are set out in federal legislation and must be adhered to if an operator wants to maintain a licence. Casinos honour their commitment to AML by investing millions of dollars in surveillance equipment and undergoing audits by regulators and external firms. They would not be able to continue operating if they failed to maintain AML protocols.

The role of the Canadian gaming industry is to provide law enforcement with information, and it’s a role all operators take very seriously. A customer walking into a Canadian casino with a large amount of cash isn’t anonymous, as identification must always be provided before certain types of transactions, such as foreign exchange transactions of $3,000 or more, or cash transactions of $10,000 or more. A report is generated and the individual’s personal information is shared with FINTRAC. There is no monetary threshold associated with reporting a suspicious transaction, which can include large sums of small bills or cash amounts totaling $10,000 or more made within 24 consecutive hours by or on behalf of the same individual or entity.