Money Services Businesses
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 […]
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 […]
FINTRAC information session for money services businesses engaged in providing payment services Are you a money services business or foreign money services business that provides invoice payment services or payment services for goods and services? Join us for a presentation and a question and answer session on: The recent amendments to the […]
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 […]
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, September 13, 2022 Banker Pleads Guilty to Bank Secrecy Act Charges A New York man pleaded guilty today in the Eastern District of New York to failure to maintain an effective anti-money laundering program in violation of the Bank […]
Department of Justice U.S. Attorney’s Office District of Montana FOR IMMEDIATE RELEASE Wednesday, September 7, 2022 Kalispell woman admits running money mule business, sending money overseas MISSOULA —A Kalispell woman accused of operating a money mule business in which she collected money from various wire fraud schemes around the United […]
Department of Justice U.S. Attorney’s Office Northern District of California FOR IMMEDIATE RELEASE Friday, August 5, 2022 Alleged Russian Cryptocurrency Money Launderer Extradited to United States Defendant Extradited from Greece to Face Charges Stemming from the Operation of BTC-e, an Illicit Bitcoin Exchange Alleged to Have Received Deposits Valued at […]
FINTRAC imposes an administrative monetary penalty on Thanh Hung Truong (Bijouterie Kim Dung) News Release July 21, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on Thanh Hung Truong, also operating as Bijouterie Kim Dung. This money services business in Montréal, Quebec, was imposed […]
Department of Justice U.S. Attorney’s Office District of New Jersey FOR IMMEDIATE RELEASE Thursday, June 23, 2022 Paraguayan National Admits Unlicensed Money Transmitting in Connection with International Money Laundering Investigation TRENTON, N.J. – A Paraguayan man today admitted his role in facilitating an international money laundering conspiracy, U.S. Attorney Philip R. […]
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, […]
Mr. Watchlist 