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FINTRAC says “buh-bye” to 32 MSBs for not living up to AML requirements

FINTRAC revokes 32 registrations of money services businesses between April and September 2022 Money services businesses (MSBs) operating in Canada have legal obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act(PCMLTFA) and associated Regulations, including keeping records, verifying their clients’ identity, implementing a compliance regime, reporting certain […]

11 arrest for fraud & money laundering-related crimes

Department of Justice U.S. Attorney’s Office Eastern District of New York FOR IMMEDIATE RELEASE Thursday, October 13, 2022 Eleven Defendants Arrested for Investment Fraud, Money Laundering and Unlicensed Money Transmitting Business Schemes Defendants Allegedly Defrauded Victims of Almost $18 Million as Part of “Pig Butchering” Investment Fraud and Money Laundering […]

NH woman’s unlicensed MSB leads to plea

Department of Justice U.S. Attorney’s Office District of New Hampshire FOR IMMEDIATE RELEASE Monday, September 12, 2022 Keene Woman Pleads Guilty to Operating An Unlicensed Money Transmitting Business             CONCORD – Aria DiMezzo, 35, of Keene, New Hampshire, pleaded guilty in federal court on Monday […]

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, […]