Money Services Businesses
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, […]
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 […]
FINTRAC imposes an administrative monetary penalty on Sino Financial Ltd FINTRAC announced today that it has imposed an administrative monetary penalty on Sino Financial Ltd, also operating as Sino Financier. This money services business in Pierrefonds, Quebec, was imposed an administrative monetary penalty of $33,000 on October 25, 2021, for […]
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Thursday, February 17, 2022 New Jersey Woman Admits Operating Unlicensed Money Transmitting Business NEWARK, N.J. – A New Jersey woman today admitted transmitting the proceeds of a fraudulent scheme in which elderly victims were falsely told that […]
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 […]
MSB registration eligibility changes Recently, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) was modified to further tighten and define the criteria of who is ineligible to register as a money services business (MSB) and a Foreign MSB with FINTRAC. Please consult our web page on Who is […]
CBUAE issues new guidance to registered hawala providers and licensed financial institutions providing services to registered hawala providers Abu Dhabi (18 August 2021): The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) to Registered Hawala Providers (RHP) […]
FINTRAC imposes an administrative monetary penalty on Sokhom Ung, operating as Bureau de change Saint-Michel 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, was imposed an administrative monetary penalty of […]
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 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 […]
Mr. Watchlist 