Skip to Primary Navigation

Skip to main content

FINTRAC’s administrative monetary penalties program – when you fail to comply

Image of the flag of Canada flying among some trees.
Photo: Vaughn Ridley/Getty Images

Julie DiMauro

4 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

FINTRAC offers regulated entities a framework for how it determines an administrative monetary penalty in cases of noncompliance.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued a framework for the determination of an administrative monetary penalty in cases it adjudicates, summarizing the principles that are used by the agency to issue such a penalty.

The purpose of FINTRAC’s administrative monetary penalties program is to

, , , , , , ,

Get full access, free for a month

This is a Premium article. Start your 28-day free trial to continue reading and access all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience