FINTRAC imposes an administrative monetary penalty on RE/MAX All-Stars Realty Inc.
[ 2021-03-18 ]
RE/MAX All-Stars Realty Inc., a real estate broker in Unionville, Ontario, was imposed an administrative monetary penalty of $31,350 on January 5, 2021 for committing one violation. The violation was found during the course of a compliance examination in 2019. RE/MAX All-Stars Realty Inc. appealed the decision to the Federal Court. On April 25, 2022, the Federal Court confirmed both the violation and penalty. The case is closed.
Nature of violation
Violation #1 – Failure to provide, in accordance with a notice, documents or other information reasonably required by an authorized person – PCMLTF Act 63.1(2)
RE/MAX All-Stars Realty Inc. failed to provide, in accordance with a notice, most of the requested compliance program documentation for purposes of a compliance examination.
- Date Modified: