The Atlantic Lottery Corporation has paid a $212,025 administrative penalty to Canada's financial watchdog for violating rules meant to report money laundering and terrorist financing.

The penalty was handed down on May 29 by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). According to a news release, the watchdog found the Moncton-based corporation committed three violations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

The violations inc…