Proceeds of Crime (Money Laundering) and Terrorist Financing Act
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FINTRAC fines Cryptomus a record C$177m for AML/ATF violations
The agency’s director and CEO, Sarah Paquet, described the penalty as an “unprecedented enforcement action.”
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Canada sharpens its anti-money-laundering playbook
FINTRAC spells out methods for verifying the identity of persons and entities, marking a shift in Canada’s regulatory framework.
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FINTRAC imposes monetary penalty on British Columbia Lottery Corporation
BCLC is a casino headquartered in Kamloops, British Columbia, that provides sports betting options, both in-person and online.
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FINTRAC cites Exchange Bank of Canada with AML failures
Monitoring and reporting shortcomings included not submitting SARs where there were reasonable grounds to suspect transactions were related to money laundering or terrorist financing.
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High-value UK money laundering cases are on the up
Tony McClements says the increase in money laundering cases indicates that the UK is finally getting to grips with money laundering as an indictment.
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INTERVIEW: Martin Woods, anti-money-laundering practitioner and strategist
Also known as the “Wachovia Whistleblower”, Martin Woods has been chasing bad guys since the age of 17.
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FINTRAC imposes its largest ever AML fine on Royal Bank of Canada
Canada’s AML regulator imposes fine for non-compliance with AML rules.