Dramatic increase in Fintrac fines coming, but their effectiveness is less clear

by Ian Bickis, The Canadian Press

TORONTO — The cost of doing business is set to go up, dramatically, for companies that don’t keep a close eye on anti-money laundering obligations.

Categories

Recent Posts

Traffic controller in critical condition after being struck by a plane in Montreal
Traffic controller in critical condition after being struck by a plane in Montreal
Two former B.C. Conservatives plan to form new party, steer clear of CentreBC
Two former B.C. Conservatives plan to form new party, steer clear of CentreBC
Ottawa to announce details of retaliatory tariffs on U.S. Tuesday
Ottawa to announce details of retaliatory tariffs on U.S. Tuesday
Shippers forced to delay loads as 50% tariffs jack up export costs
Shippers forced to delay loads as 50% tariffs jack up export costs
B.C. real estate agent suspended, fined $200K for buying and renting out affordable housing
B.C. real estate agent suspended, fined $200K for buying and renting out affordable housing
WestJet flight attendants vote 90.2% to ratify new three-year collective agreement
WestJet flight attendants vote 90.2% to ratify new three-year collective agreement
Canada will announce retaliatory tariffs against the United States on Tuesday, official tells AP
Canada will announce retaliatory tariffs against the United States on Tuesday, official tells AP
Vancouver hotel projects planned for Marpole, downtown
Vancouver hotel projects planned for Marpole, downtown
Canadian culture, French are fundamental rights — not trade irritants, Carney says
Canadian culture, French are fundamental rights — not trade irritants, Carney says
Canada-U.S. trade tensions continue to escalate as Trump team defends tariffs
Canada-U.S. trade tensions continue to escalate as Trump team defends tariffs

GET MORE INFORMATION

Reza Hamzehali

Reza Hamzehali

Agent

+1(604) 704-8989

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Sutton, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By signing up, you agree to receive messages from us. Reply STOP to opt out.

};