FINTRAC fines real estate broker for AML failures

The penalty was imposed in 2024 for violations observed during a 2022 compliance examination .

Canada’s anti-money-laundering monitor and regulator, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has assessed a fine of $107,250 against Immeubles Jack Sera Inc, a Quebec real estate broker, for failures to document risk and establish effective anti-money-laundering (AML) policies and procedures.

That fine was imposed on November

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