Financial transactions and reports analysis Center in Canada Declare On September 12, the Indian Games in SAGAWA (Siga) face a fine of $ 1,175,000. This comes after finding Siga to be incompatible with Funding -up policies After the investigation.
Fintrac found that Siga failed to work in suspicious transactions, failed to report these transactions, and failed to develop compliance procedures.
Fintrac imposed an administrative cash penalty of $ 1,175,000 on the Indian SAGACACAS Games (Siga). For more information, see: https://t.co/zhaiuzGhyy pic.twitter..z6rctyquv
– Findrac_ANADA (FintraC_ANADA) September 12, 2025
“The anti -money financing system in Canada and the fight against terrorism is the same as the protection of Canadian safety and Canadian economy’s security,” said Sarah Bakit, Director and Executive Director of Fintraac.
“Fintrac works with companies to help them understand their obligations under the law and comply with them. We are also firm in ensuring that companies continue to play their role and we will take appropriate measures when needed.”
The importance of Fintrac compliance
Siga runs seven casinos in Saskatchewan Province. Casinoes, financial entities, money services companies, real estate brokers and various other business sectors in Canada are needed under crime revenue (money laundering) and terrorist financing law to maintain some records, identify customers, maintain the compliance system, and report some financial transactions to Findraac. In this case, it was found that Siga did not adhere to these instructions.
In the fiscal year 2024/25, Fintrac issued 23 notifications to violating companies, the largest number in one year in the history of the organization. These fines amounted to a total of more than $ 25 million.
Sega Declare It intends to challenge the decision from Findraac, while maintaining that it works with various organizational bodies and maintains a high level in their operations.
The organization said: “Siga does not agree with the violations that Fintrac found, nor does it agree with the administrative penalties that were evaluated,” the organization said. “Siga will appeal all of the discovery of violations and penalties assessed on the Federal Court.”
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