Casinos
Streamline high-value transaction tracking, client verification, and FINTRAC reporting—all while meeting your mandatory AML obligations. Compliance under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) is not optional—it is a legal requirement for all casinos, gaming centers, and racetracks operating in Canada.
Avoid penalties, simplify reporting, and keep your venue audit-ready with automated workflows built for the realities of high-volume gaming environments.
Who Is It For?
These businesses handle large volumes of cash transactions and are subject to strict anti-money laundering (AML) rules under Canadian regulations. Our solution helps frontline staff and compliance teams meet their obligations efficiently and accurately.
Industry Overview
Casinos are designated as reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and must comply with FINTRAC's stringent recordkeeping, reporting, and verification standards. Every large cash buy-in, suspicious bet, or third-party transaction must be documented, assessed, and, when necessary, reported.
Failure to comply can lead to reputational damage, steep fines, and regulatory investigations. As financial crime risk grows, so does the need for a structured, auditable compliance workflow.
New Compliance Landscape: Bill C-2
Canada’s Bill C-2, currently in Parliament, introduces sweeping changes to anti-money laundering laws. It proposes:
Stricter penalties:
Individuals could face fines of up to $4 million per violation, while entities such as casinos and gaming venues may face up to $20 million.
Cumulative penalties:
For multiple infractions, fines may rise to the greater of $4M or 3% of global income (individuals), and $20M or 3% of global annual revenue (entities).
Mandatory FINTRAC enrolment:
All regulated businesses, including casinos, must enrol with FINTRAC unless specifically exempted. This includes submitting detailed applications, renewing periodically, and updating business information as needed.
These changes make proactive compliance more important than ever. Our platform is built to help gaming venues stay ahead of these changes while meeting existing obligations without disruption.
Common Challenges
Our Solutions
High transaction volumes make manual reporting inefficient
Automatically initiate reporting flows when transactions exceed CAD 10,000 in buy-ins or payouts.
Link multiple chip purchases or redemptions to a single client in real time.
Inconsistent client identification and third-party verification
Use government-issued ID, dual-process, or credit file methods as required by FINTRAC.
Record details when chips or cash are received or redeemed on behalf of another person.
Difficulty detecting and escalating suspicious behavior
Capture relevant behavioral indicators and contextual details with compliance-ready templates.
Route flagged transactions to a compliance officer for review before submission.
Missed reporting deadlines for LCTRs and STRs
Get notified when thresholds are met or reporting is due.
Ensure timely filing and audit readiness.
Fragmented recordkeeping across locations and games
All gaming activity linked to a client profile, regardless of venue or game.
Instantly retrieve reports during internal or FINTRAC audits.
Services Relevant to This Industry
Client Identity Verification
Confirm identity before processing large cash transactions or suspicious activity.
Large Cash Transaction Reporting (LCTR)
Automatically generate reports when total cash in or out exceeds CAD 10,000.
Suspicious Transaction Reporting (STR)
Identify, escalate, and document transactions involving unusual or suspicious behavior.
Third-Party Handling Tracking
Capture information when funds are handled on someone else’s behalf.
Gaming Activity Logs
Record client activity across tables, slot machines, betting windows, and cash cages.
Compliance Monitoring Dashboards
Track outstanding tasks, filings, and client risk in one unified view.
Real-World Use Cases
Use Case 1: High-value chip buy-ins at multiple tables
Client purchases chips worth CAD 12,000 across three tables. Platform links transactions, verifies ID, and auto-generates an LCTR.
Use Case 2: Suspicious behavior at redemption counter
A client repeatedly redeems small chips just below the threshold. System flags the pattern and initiates an STR review.
Use Case 3: Third-party collects winnings for another person
Staff record recipient and third-party details. Compliance module stores linkage and reason for transaction.
Frequently Asked Questions
When must a casino verify a customer’s identity?
Any time a customer conducts a cash transaction of CAD 10,000 or more, or when activity is deemed suspicious.
Do multiple transactions count toward the LCTR threshold?
Yes. Transactions within a 24-hour period are aggregated and must be reported if they exceed CAD 10,000.
How should casinos handle third-party transactions?
You must record information for both the person conducting and receiving the transaction and document the relationship.
Can we file STRs for suspicious patterns even below CAD 10,000?
Yes. Suspicious transactions must be reported regardless of the amount.
How long must transaction records be retained?
At least five years from the date of the transaction or last account activity.
Getting Started
Keep your casino compliant, audit-ready, and free from regulatory surprises. Our automated compliance tools for Canada’s gaming industry are built to handle high volumes, complex workflows, and real-world behavior.
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Our team is here to listen, answer your questions, and help you get compliant — fast.
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