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FINTRAC Enforcement Action: Sokhom Ung

FINTRAC imposes an administrative monetary penalty on Sokhom Ung, operating as Bureau de change Saint-Michel News Release June 23, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on Sokhom Ung, also operating as Bureau de Change Saint-Michel. This money services business in Montréal, Quebec, […]

Vancouver precious metals and stones dealer coughs up $222,750 to FINTRAC for PCMLTFA failures

FINTRAC imposes an administrative monetary penalty on Montecristo Jewellers Inc.  News Release May 12, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on Montecristo Jewellers Inc. This precious metals and precious stones dealer in Vancouver, British Columbia, was imposed an administrative monetary penalty of […]

Real Estate Broker fined CAD101,227 by FINTRAC

FINTRAC imposes an administrative monetary penalty on 9293-0809 Québec Inc. News Release May 10, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on 9293-0809 Québec Inc., also operating as Groupe Sam’s Globale. This real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty of $101,227 on […]

FINTRAC updates its assessment manual

Update to the FINTRAC Assessment manual Good morning/afternoon, We have updated the FINTRAC Assessment manual to reflect the recent coming into forces of regulatory amendments, and related changes to our examination process. The update includes very little new content, it consists in minor language adjustments, additions to existing examination tests, and some […]

FINTRAC refreshes its wardrobe…

FINTRAC’s website has a new look The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is pleased to announce that its website fintrac-canafe.canada.ca now has a new look. The update aligns FINTRAC’s online presence with other Government of Canada departments and agencies, thus providing a consistent online experience for Government of […]