Who was sanctioned, and for what?

According to FINTRAC, Northern Isga Foundation is a non-profit charitable organisation based in Glenevis, Alberta, that receives a portion of a casino's revenues and is therefore a reporting entity. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 91,162.50 on the foundation on 2 March 2026. According to FINTRAC's findings, made during a compliance examination, the foundation committed 4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the compliance training programme and the prescribed review of the compliance programme. According to FINTRAC, the foundation has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Northern Isga Foundation", published 26 March 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-03-26-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(d), 156(1)(e), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Other

Published

26 Mar 2026

Original amount 91,162.5 CAD, converted at the ECB reference rate of 2 Mar 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

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