Skip to Primary Navigation

Skip to main content

FINTRAC fines real estate broker for AML failures

Money hanging in a washing machine, laundering
Photo: Leslie Lauren/Getty Images

Alexander Barzacanos

1 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)

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

, , , , ,