Canadian Gaming News: OLG Looks To Up Its AML Game
The Ontario Lottery and Gaming Corporation (OLG) wants to step up its game in the gaming industry at a time when anti-money laundering (AML) in Canada has been in the news a lot.
Details of the RFI
OLG has released a Request for Information (RFI) for a vendor to come in and build up an AML solution across its online gaming platforms, land-based casino, and lottery, as was initially reported in Gaming News Canada.
Information about Anti-Money Laundering (AML) solutions to support compliance, risk management, and regulatory reporting across its online and offline gaming activities is being requested through this Request for Information (RFI). Information about anti-money-laundering (AML) solutions that meet any combination of the following goals is being sought by OLG:
1. Provincial Player ID
2. Ingestion of Patron Activities from Multiple Channels/Lines of Business
3. Patron AML-Risk Scoring
4. Transaction Monitoring and Alert Generation
5. Alerts and Case Management System
6. Patron Profile Management System
7. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Reporting
8. Data Import/Export, Management Reporting and Dashboard
9. User Account Management
Submissions must be made before October 17.
Anti-Money Laundering Is a Contentious Issue
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced last month that the Saskatchewan Indian Gaming Authority (SIGA) would be fined CAD $1.175 million for failing to comply with administrative rules under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). SIGA is accused of breaking administrative rules designed to stop money laundering. SIGA is contesting the ruling.
In late August, the British Columbia Lottery Corporation (BCLC) had the same situation.
BCLC Was Penalized
At that time, BCLC declared that it was contesting a FINTRAC ruling that had fined the company over CAD $1 million for violating anti-money laundering laws. Three alleged violations of the Terrorist Financing Act and the Proceeds of Crime (money laundering) statute resulted in penalties for the lottery corporation.
Since Ontario is nearing the end of Year 4 of its regulated, private, open model, the province is leading the conversation on Canada's anti-money laundering laws, which prevent money laundering and detect financial crimes, as our friends at Gaming News Canada have been reporting.
A representative informed Gaming News Canada that the OLG is seeking to enhance its AML technology. The implementation of iGaming Ontario's AML solution to regulate the private sector has not yet taken place.
AGCO Modifies Lottery Ticket Regulations
The requirements for purchasing lottery products have been modified by the Ontario Alcohol and Gaming Commission. Mandating the purchase of lottery products for any reason is prohibited as of this past Friday.
As a requirement for enrolling in a program or service is one example of this, but it's not the only one. All charitable lottery tickets, including those used for philanthropic events (such as raffle or break-open tickets), are affected.
