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FINTRAC imposes an administrative monetary penalty on HRA Group Holdings

News release

October 2, 2025 — Ottawa

FINTRAC announced today that it has imposed an administrative monetary penalty on HRA Group Holdings, also operating as HRA Group. Following a compliance examination, this dealer in precious metals and stones, headquartered in Vancouver, British Columbia, was imposed an administrative monetary penalty of $132,000 on June 2, 2025, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

HRA Group Holdings was found to have committed the following administrative violations:

The administrative monetary penalty has been paid in full and the case is closed.

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"Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime is in place to protect the safety of Canadians and the security of Canada’s economy. FINTRAC works with businesses to help them understand and comply with their obligations under the Act. We are also firm in ensuring that businesses continue to do their part and we will take appropriate actions when they are needed."

Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada

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Media Relations
Financial Transactions and Reports Analysis Centre of Canada
613-716-9983
media.medias@fintrac-canafe.gc.ca

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