How Trump’s de minimis exemption rule change will hit Canadian businesses

OTTAWA — A single, high-rolling casino slots player is at the centre of a nasty $1 million fight between British Columbia’s gambling authority and the federal anti-money laundering watchdog, court documents allege. Last month, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) issued a $1.075 million fine against the British Columbia Lottery Corporation (BCLC). The bulk of the fine was for failing to submit two suspicious transaction reports relating to one “high-risk patron.” FINTRAC says there were reasonable grounds to suspect that money laundering or...