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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, […]

Couple arrested for running illegal MSB

Department of Justice U.S. Attorney’s Office District of Massachusetts FOR IMMEDIATE RELEASE Thursday, April 28, 2022 Texas Man and Arkansas Woman Arrested for Running Illegal Money Transmitting Business Defendants allegedly laundered proceeds of international Ponzi-style investment fraud schemes BOSTON – A Texas man and an Arkansas woman were arrested today […]

If you get caught, don’t lie: Mounties bag an MSB

RCMP Integrated Money Laundering Investigative Team charge Money Services Business owner   November 12, 2021  Toronto, Ontario  News release The Royal Canadian Mounted Police (RCMP) Greater Toronto Area (GTA), Integrated Money Laundering Investigative Team (IMLIT) charged Nishanthan Gunapalan (38) of Markham, Ontario with 4 counts of knowingly providing false or misleading information, contrary to the Proceeds of […]

FinCEN detail on its Civil Monetary Penalty

From today’s CMP assessment of $60,000,000 on Larry Dean Harmon: IV. CIVIL MONEY PENALTYFinCEN determined that Mr. Harmon, in his roles with Helix and Coin Ninja, willfully violated the BSA and its implementing regulations, as described in this ASSESSMENT and Attachment A, and that grounds exist to assess a civil […]

AUSTRAC goes after unregistered MSBs…

AUSTRAC launches campaign against illegal money transfer dealers 27 Aug 2019 AUSTRAC has launched a campaign targeting illegal money transfer dealers. Money transfer dealers that have not registered with AUSTRAC and are operating illegally are at a high risk of having their services abused by criminals groups and do not […]