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FINTRAC imposes an administrative monetary penalty on Sokhom Ung, operating as Bureau de change Saint-Michel


Sokhom UNG, also operating as Bureau de Change Saint-Michel, a money services business in Montréal, Quebec, was imposed an administrative monetary penalty of $33,000 on March 29, 2022, for committing one violation. The violation was found during the course of compliance actions undertaken in 2020. Sokhom Ung has appealed the decision to the Federal Court.

Nature of Violation

Violation #1 – Failure to register with the Centre – PCMLTFA 11.1

Sokhom Ung, operating as Bureau de change Saint-Michel, failed to register as a money services business with the Centre.

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