What's New at the Financial Transactions and Reports Analysis Centre of Canada https://www.fintrac-canafe.canada.ca/rss/rss-eng.xml https://www.fintrac-canafe.canada.ca/rss/fintrac-logo.gif 2026-03-27T13:15:57-04:00 © Financial Transactions and Reports Analysis Centre of Canada Financial Transactions and Reports Analysis Centre of Canada https://www.fintrac-canafe.canada.ca/index.html https://www.tps.ca/media-centre/news-releases/man-arrested-in-child-sexual-abuse-material-invest-25/ 2026-03-27T17:05:16Z

FINTRAC’s financial intelligence was recognized by the Toronto Police Service in a child sexual abuse and exploitation investigation that began in April 2025. As a result of this investigation, one individual has been arrested and charged with numerous child exploitation offences under the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2026-03-26-eng 2026-03-26T13:00:00Z

Northern Isga Foundation, a reporting entity in the casino sector, headquartered in Glenevis, Alberta, was imposed an administrative monetary penalty of $91,162.50 for committing 4 violations.

https://www.osfi-bsif.gc.ca/en/about-osfi/reports-publications/fifai-ii-ai-risks-opportunities-adopting-agile-framework-canadian-financial-services 2026-03-23T14:24:13Z

FIFAI II final report introduces the AGILE framework to manage AI risks and opportunities in Canada’s financial sector.

https://www.drps.ca/news/posts/project-fletcher-results-in-eight-arrests-five-suspects-still-sought/ 2026-03-06T18:00:00Z

FINTRAC’s financial intelligence was recognized by the Durham Regional Police Service Financial Crimes Unit in a complex, long term fraud investigation after an employee defrauded a Durham Region business of more than $3 million. The investigation revealed extensive money laundering activity, including the use of cheque cashing businesses, multiple financial institutions, and the movement of funds across Durham Region, the Greater Toronto Area, and globally. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/notices-avis/avs/2026-03-02-eng 2026-03-02T20:00:00Z

https://fintrac-canafe.canada.ca/training-formation/web/beneficial-beneficiaire-eng 2026-02-25T14:50:06Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published a video that provides an overview of key beneficial ownership requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

https://fintrac-canafe.canada.ca/intel/extortion-extorsion/profiles-profils-eng 2026-02-19T15:02:00Z

As Canada’s Anti-Money Laundering and Anti-Terrorist Financing (AML/ATF) Supervisor and Financial Intelligence Unit, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) collaborates with businesses and law enforcement agencies to combat financial crime by producing strategic and tactical intelligence.

https://fintrac-canafe.canada.ca/intel/extortion-extorsion/partner-partenaire-eng 2026-02-19T15:01:00Z

Through dedicated outreach and engagement activities, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) will surge a range of integrated actions to communicate trends, methodologies and indicators relevant to extortion.

https://fintrac-canafe.canada.ca/intel/extortion-extorsion/liaison-eng 2026-02-19T15:00:01Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) will establish a liaison function dedicated to enhanced operational activities aimed at countering extortion through accelerated production and sharing of tactical financial intelligence.

https://fintrac-canafe.canada.ca/new-neuf/nr/2026-02-12-eng 2026-02-12T14:00:00Z

Manor Windsor Realty Ltd, a real estate brokerage in Windsor, Ontario, was imposed an administrative monetary penalty of $107,250 for committing 4 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2026-02-10-eng 2026-02-10T14:00:00Z

Century 21 Heritage Group Ltd., a real estate brokerage with locations across Ontario, was imposed an administrative monetary penalty of $148,912.50 for committing 1 violation.

https://rcmp.ca/en/news/2026/02/4349996 2026-02-06T16:00:00Z

FINTRAC’s financial intelligence was recognized in an investigation on a syndicated mortgage investment fraud conducted by the Royal Canadian Mounted Police Toronto Integrated Market Enforcement Team. As part of this multi-year investigation, 2 individuals have each been charged with fraud over $5,000 under the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2026-02-05-eng 2026-02-05T14:01:00Z

Commerciale I.C. - Pacific Inc., a money services business, in Montréal, Quebec, was imposed an administrative monetary penalty of $224,235 for committing 5 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2026-02-05-1-eng 2026-02-05T14:00:00Z

TreasureMeta Corporation, a money services business in Markham, Ontario, was imposed an administrative monetary penalty of $24,750 for committing 1 violation.

https://rcmp.ca/en/news/2025/12/4348591 2025-12-19T20:19:32Z

FINTRAC’s financial intelligence was recognized in separate—but coordinated—investigations by the Toronto Police Service (TPS) and the Royal Canadian Mounted Police (RCMP) Federal Policing Central Region’s Integrated National Security Enforcement Team (INSET). During the TPS investigation, dubbed Project Neapolitan, three individuals were charged with 79 charges related to hate-motivated extremism. TPS investigators also uncovered links to terrorism, prompting a separate—but parallel—RCMP investigation. This led the RCMP to lay terrorism-related charges, including terrorist activity financing, against one individual in their investigation, contrary to the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.bcsc.bc.ca/about/media-room/news-releases/2025/93-bcsc-settles-with-bc-based-electric-vehicle-supply-equipment-company 2025-12-19T14:15:00Z

FINTRAC’s financial intelligence was recognized by the British Columbia Securities Commission (BCSC) in a case where an electric vehicle supply equipment company breached the B.C.’s Securities Act. The company has paid the BCSC $35,000 for committing misconduct related to investor relations activities and violating continuous disclosure requirements. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.tps.ca/media-centre/news-releases/64788/ 2025-12-18T18:05:00Z

FINTRAC’s financial intelligence was recognized by the Toronto Police Service in a child sexual abuse material investigation where one individual has been arrested and charged with numerous child exploitation offences under the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-12-18-eng 2025-12-18T14:00:00Z

MP Technology Services Ltd. (a subsidiary of MoonPay Inc.), a Seychelles-incorporated entity operating in Canada, was imposed an administrative monetary penalty of $536,853.35 for committing 4 violations.

https://www.canada.ca/en/border-services-agency/news/2025/12/major-auto-theft-investigation-targets-export-enablers---organized-crime-and-money-laundering-charges-laid.html 2025-12-17T17:45:47Z

FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police (OPP) Provincial Auto Theft and Towing Team and the Canada Border Services Agency in Project Chickadee, a major auto theft investigation. The investigation resulted in the dismantling of a criminal organization responsible for moving stolen vehicles from Canada to destinations overseas. As a result of the joint-forces investigation, law enforcement seized 306 stolen vehicles valued at approximately $25 million. Twenty individuals have been arrested and charged with 134 offences under the Criminal Code, the Customs Act and the Cannabis Act. According to the OPP, FINTRAC’s financial intelligence disclosures were essential to the success of the investigation. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.osc.ca/en/news-events/news/osc-investigation-leads-fraud-charges-smart-prime-group 2025-12-11T19:36:31Z

FINTRAC’s financial intelligence was recognized by the Ontario Securities Commission in an investigation into an Ontario sole proprietorship claiming to be in the asset management business. The group promised that the funds of 28 investors would be placed in individual trading accounts, however, the funds were instead routed to personal and unrelated third-party accounts. As a result of this investigation, three individuals have been charged with fraud over $5,000 and possession of proceeds of crime, contrary to the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-12-11-eng 2025-12-11T14:00:00Z

Juba Express Inc., a money services business, in Toronto, Ontario, was imposed an administrative monetary penalty of $67,150 for committing 5 violations.

https://www.canada.ca/en/border-services-agency/news/2025/12/cbsa-serves-369m-penalty-to-ontario-business-owner-for-failing-to-declare-exported-vehicles.html 2025-12-09T13:42:50Z

FINTRAC’s financial intelligence was recognized by the Canada Border Services Agency in an investigation in which an Ontario business owner has been served a $36.9 million penalty for failing to declare over 2,300 used vehicles exported from Canada. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/training-formation/about-apropos/video-eng 2025-12-08T14:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada has published a video that provides an overview of its mandate and explains key compliance obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-12-04-eng 2025-12-04T14:00:00Z

Griffin Jewellery Designs Inc., a full-service jewellery retailer with 21 locations across Ontario, Nova Scotia and New Brunswick, was imposed an administrative monetary penalty of $77,137.50 for committing 3 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-12-02-eng 2025-12-02T14:00:00Z

Global Currency Exchange, a money services business, in Niagara Falls, Ontario, was imposed an administrative monetary penalty of $70,537.50 for committing 6 violations.

https://fintrac-canafe.canada.ca/notices-avis/avs/2025-11-28-eng 2025-11-28T14:00:00Z

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-27-1-eng 2025-11-27T18:00:00Z

Synergy Credit Union, a provincial credit union headquartered in Lloydminster, Saskatchewan, was imposed an administrative monetary penalty of $214,500 for committing 4 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-27-eng 2025-11-27T14:00:00Z

FINTRAC’s Operational Alert supports businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing financial transactions suspected of being related to online child sexual exploitation

https://fintrac-canafe.canada.ca/guidance-directives/guidance-directives-eng#s3 2025-11-26T14:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada published money laundering indicators related to bribery and corruption to assist businesses in identifying and reporting suspicious transactions.

https://fintrac-canafe.canada.ca/guidance-directives/client-clientele/pep/pep-eng#s8 2025-11-26T14:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada updated its guidance on politically exposed persons and heads of international organizations to provide greater clarity on bribery and corruption risks associated with these individuals.

https://rcmp.ca/en/nova-scotia/news/2025/11/4347764 2025-11-21T13:15:57Z

FINTRAC’s financial intelligence was recognized by the Nova Scotia Royal Canadian Mounted Police (RCMP) in Project Hammertime. As a result of this investigation, the RCMP seized a quantity of drugs, cash, drug paraphernalia, digital scales, electronic devices, a firearm and financial documents. Four individuals have been arrested for engaging in drug trafficking, arson, threats and intimidation. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-20-5-eng 2025-11-20T14:04:00Z

Houston & Associates Realty Ltd., a real estate brokerage in Calgary, Alberta, was imposed an administrative monetary penalty of $117,975 for committing 5 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-20-4-eng 2025-11-20T14:03:00Z

HomeLife New World Realty Inc., a real estate brokerage with locations in Toronto and Richmond Hill, Ontario, was imposed an administrative monetary penalty of $36,135 for committing 4 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-20-2-eng 2025-11-20T14:02:00Z

Pacesetter Marketing Ltd., a real estate brokerage in Vancouver, British Columbia, was imposed an administrative monetary penalty of $41,085 for committing 3 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-20-3-eng 2025-11-20T14:01:00Z

LeHomes Realty Premier, a real estate brokerage in Vancouver, British Columbia, was imposed an administrative monetary penalty of $149,886 for committing 6 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-11-20-1-eng 2025-11-20T14:00:00Z

9321-0599 Québec Inc. (also operating as Les Immeubles Star / Star Realty), a real estate brokerage in Brossard, Québec, was imposed an administrative monetary penalty of $23,100 for committing 2 violations.

https://fintrac-canafe.canada.ca/obligations/dir-iri-eng 2025-11-17T18:28:28Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published important updates to its guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran. The Ministerial Directive now applies to all businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

https://www.asc.ca/en/News-and-Publications/News-Releases/2025/11/3-JSOT-criminally-charges-Alexander-Francis-Ongoma 2025-11-04T12:59:44Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in an investigation where an individual allegedly misrepresented their financial position and success as a foreign exchange trader to obtain money from investors. The funds were never returned to investors. As a result of this investigation, one individual has been charged with six offences under the Criminal Code, including fraud and uttering a forged document. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://globalriskinstitute.org/publication/fifai-ii-interim-2/ 2025-11-03T18:50:11Z

On October 1, 2025, FINTRAC and the Global Risk Institute (GRI) co-sponsored a workshop on Financial Crimes and Artificial Intelligence. The report is available as a PDF on GRI’s website (external website).

https://fintrac-canafe.canada.ca/guidance-directives/sharing-echange/sharing-echange-eng 2025-11-03T14:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published its guidance for businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act who want to voluntary engage in private-to-private information sharing with each other.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-30-eng 2025-10-30T13:00:00Z

FINTRAC published its 2024–25 Annual Report, Safe Canadians, Secure Economy, which describes the significant impact the Centre is having through its activities and operations in helping protect Canadians and Canada’s economy.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-22-eng 2025-10-22T13:00:00Z

Xeltox Enterprises Ltd. (also operating as Cryptomus), a money services business incorporated in British Columbia, was imposed an administrative monetary penalty of $176,960,190 for committing 6 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-16-eng 2025-10-16T13:00:00Z

First Nations Bank of Canada, an investment dealer headquartered in Vancouver, British Columbia, was imposed an administrative monetary penalty of $601,139.80 for committing 5 violations. The administrative monetary penalty has been paid in full and the case is closed.

https://rcmp.ca/en/news/2025/10/president-foreign-exchange-trading-company-charged-after-embezzling-millions 2025-10-10T12:43:24Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police (RCMP) Federal Policing Northwest Region’s Integrated Market Enforcement Team in Calgary. The president of a former Edmonton-based company is alleged to have misappropriated more than $10 million in investor funds, with a portion transferred to cryptocurrency exchanges. The RCMP have charged the accused with laundering the proceeds of crime and fraud. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-09-eng 2025-10-09T13:00:00Z

DMCL Chartered Professional Accountants, an accounting firm with locations in British Columbia, was imposed an administrative monetary penalty of $72,750 for committing 3 violations.

https://www.haltonpolice.ca/en/news/arrest-made-in-human-trafficking-investigation.aspx 2025-10-03T13:43:53Z

FINTRAC’s financial intelligence was recognized by the Halton Regional Police Service in relation to a lengthy human trafficking investigation. It is alleged that over the preceding 18 months, an adult female victim was allegedly exploited and trafficked in the sex trade throughout the Greater Toronto Area by the accused for financial gain. As a result of this investigation, one individual has been charged with various offences including procuring and laundering the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-10-02-eng 2025-10-02T13:00:00Z

HRA Group Holdings, a dealer in precious metals and stones, headquartered in Vancouver, British Columbia, was imposed an administrative monetary penalty of $132,000 for committing 4 violations.

https://fintrac-canafe.canada.ca/guidance-directives/transaction-operation/Guide5/5-eng 2025-10-01T13:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updates its guidance on reporting listed person or entity property to FINTRAC. As of October 1, 2025, reporting requirements as it relates to disclosures under the Special Economic Measures Act or the Justice for Victims of Corrupt Officials Act are in effect.

https://fintrac-canafe.canada.ca/guidance-directives/client-clientele/bor-eng#s4 2025-10-01T13:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updates its guidance on beneficial ownership requirements. As of October 1, 2025, reporting requirements on material discrepancy are in effect.

https://fintrac-canafe.canada.ca/msb-esm/msb-eng 2025-10-01T13:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updates its guidance for money services businesses when engaging agents or mandataries. As of October 1, 2025, money services businesses and foreign money services businesses must verify the eligibility of agents or mandataries that delivers money services business services on their behalf.

https://rcmp.ca/en/news/2025/09/ontario-rcmp-shuts-down-one-canadas-largest-known-dark-web-drug-networks 2025-09-26T11:35:35Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police (RCMP) in Ontario in relation to the largest dark web drug trafficking investigation to date. Seven individuals have been arrested and charged with various drug-related offences. As a result of the investigation, the RCMP seized 75 kilograms of various narcotics, including cocaine and ketamine, 10,000 tablets of prescription and non-prescription pills, a number of electronic devices and drug distribution materials. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-25-eng 2025-09-25T13:00:00Z

Peken Global Limited (also operating as KuCoin), a Seychelles-incorporated entity operating in Canada, was imposed an administrative monetary penalty of $19,552,000 for committing 3 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-23-eng 2025-09-23T13:00:00Z

Spence Diamonds Ltd., a dealer in precious metals and precious stones with locations in British Columbia, Alberta, and Ontario was imposed an administrative monetary penalty of $264,000 for committing 5 violations.

https://rcmp.ca/en/news/2025/09/rcmp-executes-record-seizure-more-56-million-dollars-cryptocurrency 2025-09-19T14:27:26Z

An investigation by the Royal Canadian Mounted Police Money Laundering Investigative Team (MLIT) has led to the seizure of more than $56 million dollars in cryptocurrency — the largest crypto seizure in Canadian history. The investigation found that the business involved failed to register with FINTRAC as a money services business. The cryptocurrency exchange platform has been dismantled by Canadian law enforcement.

https://alert-ab.ca/update-project-cerberus-dismantles-transnational-organized-crime-group/ 2025-09-18T17:28:20Z

FINTRAC’s financial intelligence was recognized by the Alberta Law Enforcement Response Teams (ALERT) in relation to Project Cerberus, a major cross-border drug trafficking investigation. The operation led to charges against five individuals for organized crime, conspiracy, money laundering, and drug-related offences. ALERT also seized 157 kilograms of cocaine, nearly $1 million in cash, 15 firearms, and 7 vehicles equipped for drug smuggling. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-18-eng 2025-09-18T13:00:00Z

Primary Capital Inc., designated as a securities dealer, headquartered in Toronto, Ontario, was imposed an administrative monetary penalty of $93,390 for committing 4 violations.

https://fintrac-canafe.canada.ca/guidance-directives/recordkeeping-document/record/real-eng#x5 2025-09-15T15:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updates its guidance on unrepresented parties in real estate transactions as of October 1, 2025.

https://fintrac-canafe.canada.ca/guidance-directives/client-clientele/Guide11/11-eng 2025-09-15T15:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) updates its guidance on the use of an agent or mandatary to verify the identity of a corporation or an entity as of October 1, 2025.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-12-eng 2025-09-12T13:00:00Z

The Saskatchewan Indian Gaming Authority (SIGA) was imposed an administrative monetary penalty of $1 175 000 for committing 3 violations.

https://fintrac-canafe.canada.ca/guidance-directives/guidance-directives-eng 2025-09-09T13:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes new guidance for title insurers and private automated banking machines acquirer services which comes into force on October 1, 2025

https://www.asc.ca/News-and-Publications/News-Releases/2025/09/5-JSOT-criminally-charges-Yuvraj-Verma-and-Rohit-Sethi 2025-09-08T12:08:00Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission (ASC) in relation to an investigation where two individuals have each been charged with seven offences under the Criminal Code, including fraud over $5,000 and laundering the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-09-04-eng 2025-09-04T13:00:00Z

Canadian National Exhibition Association, a casino in Toronto, Ontario, was imposed an administrative monetary penalty of $199,000 for committing 2 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-08-28-eng 2025-08-28T13:30:00Z

British Columbia Lottery Corporation, also operating as BCLC, a reporting entity in the casino sector, headquartered in Kamloops, British Columbia, was imposed an administrative monetary penalty of $1,075,000 for committing 3 violations.

https://rcmp.ca/en/news/2025/08/significant-atm-scam-ab-casino-results-money-laundering-and-fraud-charges 2025-08-12T14:57:11Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police Federal Policing Northwest Region where four individuals have been charged in relation to a coordinated ATM fraud in western Canadian casinos. Investigators allege that the accused withdrew large sums of cash as part of a coordinated scheme intended to evade detection and exploit financial institutions. The fraud resulted in a net financial loss of over $1 million. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/pen/2-eng 2025-08-06T13:00:00Z

The administrative monetary penalties program supports FINTRAC's mandate by providing a measured and proportionate response to particular instances of non-compliance.

https://fintrac-canafe.canada.ca/introduction/cpf/cpf-eng 2025-08-06T13:00:00Z

Learn about FINTRAC's framework that guides the Centre's supervisory activities that ensure compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

https://www.asc.ca/en/news-and-publications/news-releases/2025/07/17-asc-alleges-breach-of-alberta-securities-laws-by-crypto-asset-trading-platform-catalx-cts-ltd 2025-07-18T12:22:48Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission (ASC) where a crypto trading platform has allegedly breached Alberta securities laws. The ASC alleges that two individuals perpetrated fraud against their clients and failed to comply with their obligations to operate a crypto asset trading platform in Canada. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/obligations/dir-iri-eng 2025-07-14T15:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes important updates to its guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran.

https://fintrac-canafe.canada.ca/intel/bulletins/proliferation-eng 2025-07-11T17:00:00Z

This Special Bulletin supports businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing financial transactions associated with the suspected evasion of sanctions related to counter proliferation.

https://fintrac-canafe.canada.ca/guidance-directives/guidance-directives-eng 2025-07-10T17:00:00Z

https://fintrac-canafe.canada.ca/notices-avis/avs/2025-07-02-eng 2025-07-09T13:30:09Z

FINTRAC advisories are issued following every Financial Action Task Force (FATF) Plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-07-03-eng 2025-07-03T13:00:00Z

Canaccord Genuity Corp., an investment dealer headquartered in Vancouver, British Columbia, was imposed an administrative monetary penalty of $544,500 for committing 4 violations.

https://rcmp.ca/en/news/2025/06/integrated-money-laundering-investigative-team-lay-29-charges-40-million-money-laundering-scheme 2025-07-02T18:46:58Z

FINTRAC’s financial intelligence was recognized in an investigation by the RCMP Northwest Region Federal Policing’s Integrated Money Laundering Investigative Team. The two accused individuals, who owned and operated a money services business, allegedly defrauded several financial institutions by transferring over $40 million into Canada from the United Arab Emirates through a complex network of shell companies and third-party banks accounts. As a result of this investigation, two individuals and one company are facing 29 charges relating to money laundering and fraud. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://alert-ab.ca/update-project-leadline-uncovers-drug-network-money-laundering/ 2025-06-23T17:03:54Z

FINTRAC’s financial intelligence was recognized by the Alberta Law Enforcement Response Teams (ALERT) in relation to Project Leadline, a lengthy organized crime investigation in southwest Alberta. As a result of this investigation, nine individuals have been charged with 63 offences, including participation in a criminal organization, drug trafficking, criminal conspiracy and money laundering. In total, $2.5 million in assets linked to drug trafficking were restrained. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-06-12-eng 2025-06-12T13:00:00Z

Hub Capital Inc., an independent wealth management firm in Woodbridge, Ontario, was imposed an administrative monetary penalty of $99,000 for committing 4 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-06-10-eng 2025-06-10T13:00:00Z

Cambrian Credit Union, a credit union headquartered in Winnipeg, Manitoba, was imposed an administrative monetary penalty of $116,160 for committing 4 violations.

https://www.rcmp-grc.gc.ca/en/news/2025/rcmp-arrest-individual-exporting-banned-technology-russia 2025-06-09T18:10:46Z

FINTRAC’s financial intelligence was recognized by the Ontario Royal Canadian Mounted Police in an investigation where a Canadian businessman has been arrested for violating Canadian sanctions that prohibit technology trade and exports to Russia. Following the three-year investigation, the individual is facing numerous charges for sanctions evasion under the Special Economic Measures Act and the Special Economic Measures (Russia) Regulations. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.asc.ca/news-and-publications/news-releases/2025/06/2-michael-baron-settles-with-the-asc-for-market-manipulation 2025-06-02T18:43:10Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission where an individual reached a settlement for breaching Alberta securities laws for market manipulation. The individual admitted to engaging in a course of conduct that they ought to have known may contribute to a false or misleading appearance of trading activity in, and an artificial price for, the shares of a company. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-05-29-eng 2025-05-29T13:00:00Z

News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on Crystal Currency Exchange Inc., a money services business in Burnaby, British Columbia.

https://www.reginapolice.ca/2025/05/23/two-charged-with-laundering-and-fraud/ 2025-05-27T18:30:03Z

FINTRAC’s financial intelligence was recognized by the Regina Police Service in a money laundering investigation. During the investigation, police uncovered information leading them to believe that an individual was involved in laundering money for a drug trafficking operation. In conducting further searches, the police uncovered additional and unrelated evidence of money laundering and fraud totaling millions of dollars. As a result of the investigation, two individuals have been charged with fraud and laundering the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.canada.ca/en/revenue-agency/news/newsroom/criminal-investigations-actions-charges-convictions/2025-05-16-surrey-bookkeeper-underreported-million.html 2025-05-20T12:11:42Z

FINTRAC’s financial intelligence was recognized by the Canada Revenue Agency in an investigation where one individual has plead guilty to willfully evading remittance tax and to making false statements in Goods and Services Tax (GST)/Harmonized Sales Tax (HST) returns. The investigation identified the evasion of $987,863 in net GST/HST that was owed. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2025/canadian-pleads-guilty-terrorism-charges 2025-05-15T19:37:15Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in an investigation where one individual has plead guilty to two terrorism related charges. The individual has admitted to raising over $15,000 through a crowdfunding platform and contributing over $35,000 to the benefit of Daesh, a listed terrorist organization. This is the largest terrorism financing conviction to date in Canada in terms of the monetary value. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-05-13-eng 2025-05-13T13:00:00Z

News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on Marouf Management Inc., a money services business in Toronto, Ontario.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-05-06-eng 2025-05-06T13:00:00Z

News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on Immeubles Village Pointe-Claire Inc., a money services business in Pointe-Claire, Quebec.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-05-01-eng 2025-05-01T13:00:00Z

News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on MSBG International Holdings Ltd., a money services business in Vancouver, British Columbia.News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on Immeubles Jack Sera Inc., a real estate broker in Laval, Quebec.

https://www.osc.ca/en/news-events/news/osc-charges-ryan-rumble-michael-dziedzic-and-justin-foss-fraud 2025-04-24T17:10:16Z

FINTRAC’s financial intelligence was recognized by the Ontario Securities Commission in an investigation where three individuals have been charged with fraud. The accused allegedly raised more than $11 million from investors between November 2020 and August 2023 which were used to repay existing investors and diverted to the benefit of one of the accused. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://alert-ab.ca/project-glacier-dismantles-grande-prairie-criminal-organization/ 2025-04-17T11:57:19Z

FINTRAC’s financial intelligence was recognized by the Alberta Law Enforcement Response Teams (ALERT) in Project Glacier, an extensive organized crime investigation where six suspects have been charged with a combined 22 criminal offences. ALERT seized over a quarter million dollars’ worth of drugs during the course of the investigation, including illegal opioids pills. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2025/rcmp-dismantles-cannabis-network-had-approximately-17000-illegal-plants 2025-03-27T19:07:48Z

FINTRAC’s financial intelligence was recognized by the Ontario Royal Canadian Mounted Police (RCMP) in relation to an illicit cannabis investigation. As a result of the investigation, six individuals have been charged for operating an illicit cannabis production and distribution network in Ontario. Approximately 17,000 cannabis plants were seized and the RCMP estimates that the operations could have an annual production value of over $16 million dollars. The RCMP also alleges that millions of dollars in profits were laundered through the Canadian banking system through a sophisticated identity fraud scheme. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/businesses-entreprises/changes-changements-eng 2025-03-26T15:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes guidance for factors, cheque cashers and financing or leasing entities which comes into force April 1, 2025.

https://www.haltonpolice.ca/en/news/two-arrested-in-human-trafficking-investigation.aspx 2025-03-25T19:01:09Z

FINTRAC’s financial intelligence was recognized by the Halton Regional Police in relation to a lengthy human trafficking investigation. The police allege that the accused used coercion, manipulation, physical violence, and psychological harm to maintain control and influence over the victims, while they benefitted financially from the exploitation. As a result of the investigation, two individuals have been arrested and charged. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/obligations/directives-eng 2025-03-21T18:40:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes important updates to its guidance related to the Ministerial Directive on the Democratic People’s Republic of Korea and the Ministerial Directive on Financial Transactions Associated with Russia

https://fintrac-canafe.canada.ca/notices-avis/avs/2025-03-21-eng 2025-03-21T18:31:00Z

FINTRAC advisories are issued following every Financial Action Task Force (FATF) Plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

https://fintrac-canafe.canada.ca/guidance-directives/transaction-operation/guide5/5-eng 2025-02-28T14:00:00Z

https://rcmp.ca/en/news/2025/02/significant-items-seized-national-operation-targeting-fentanyl 2025-02-26T19:57:39Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police as part of a national sprint aimed at disrupting illegal fentanyl production and distribution in Canada. The operation was also focused on dismantling criminal networks and targeting the supply of chemical precursors. During the sprint, Canadian law enforcement reported 489 occurrences related to fentanyl and synthetic opioids, which resulted in 524 arrests and the seizure of large quantities of drugs and other commodities. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-02-25-eng 2025-02-25T14:00:00Z

MSBG International Holdings Ltd., a money services business in Vancouver, British Columbia, was imposed an administrative monetary penalty of $24,750 for committing 1 violation.

https://www.rcmp-grc.gc.ca/en/news/2025/ontario-rcmp-shuts-prolific-cyber-fraudsters 2025-02-20T19:20:57Z

FINTRAC’s financial intelligence was recognized by the Ontario Royal Canadian Mounted Police’s Cybercrime Investigative Team in relation to a fraud investigation. As a result of the investigation, two Toronto residents are facing criminal charges, including fraud and laundering the proceeds of crime. The individuals allegedly defrauded at least 570 victims out of millions of dollars in Canada. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-02-13-eng 2025-02-13T14:00:00Z

Argosy Securities Inc., an independent wealth management firm in Richmond Hill, Ontario, considered a securities dealer, was imposed an administrative monetary penalty of $66,000 for committing 3 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-02-06-eng 2025-02-06T14:00:00Z

2147353 Ontario Inc., also operating as Cash Shop #27, a money services business in Mississauga, Ontario, was imposed an administrative monetary penalty of $33,000 on December 2, 2024, for committing 1 violation.

https://www.lethbridgepolice.ca/news/posts/police-charge-five-people-in-connection-with-identity-frauds-forging-documents/ 2025-02-05T18:06:48Z

FINTRAC’s financial intelligence was recognized by the Lethbridge Police Service in a lengthy fraud investigation. The investigation determined multiple subjects attended financial institutions throughout southern Alberta and fraudulently opened bank accounts, credit cards, loans and other accounts in the names of the identity theft victims. As a result of the investigation, five individuals have been charged with fraud related offences. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://rcmp.ca/en/news/2025/01/federal-financial-crime-team-charges-bc-resident-connection-47-million-interprovincial-money-0 2025-01-31T15:42:44Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in an investigation. As a result of the investigation, one individual was arrested and charged with laundering the proceeds of crime. The individual is one of a total of seven individuals who have been charged after allegedly laundering approximately $47 million as part of a criminal organization. Officers determined that the money laundering network was comprised of Alberta and British Columbia companies operating as unregistered money services businesses. These companies are alleged to have received, transferred or converted proceeds of crime through illicit cannabis sales via a variety of online dispensaries. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.canada.ca/en/revenue-agency/news/newsroom/criminal-investigations-actions-charges-convictions/thunder-bay-mining-company-director-sentenced-tax-evasion.html 2025-01-27T13:37:18Z

FINTRAC’s financial intelligence was recognized in an investigation by the Canada Revenue Agency, where one individual from Thunder Bay, Ontario, was found guilty and sentenced for evading the payment of taxes and making a false statement in tax returns. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2025-01-23-eng 2025-01-23T14:00:00Z

FINTRAC’s Operational Alert supports businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing financial transactions suspected of being related to the trafficking of synthetic opioids, including fentanyl.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-12-11-eng 2024-12-11T14:00:00Z

Exchange Bank of Canada, a bank headquartered in Toronto, Ontario, was imposed an administrative monetary penalty of $2,457,750 for committing 3 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-11-28-eng 2024-11-28T14:00:00Z

Simple Canadian Services, a money services business in Surrey, British Columbia, was imposed an administrative monetary penalty of $229,350 for committing 5 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-11-26-eng 2024-11-26T14:00:00Z

This report outlines key activities and operations that the Centre carried out last year to help protect Canadians and the integrity of Canada’s financial system.

https://fintrac-canafe.canada.ca/notices-avis/avs/2024-11-18-eng 2024-11-18T14:00:00Z

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2024-11-06-eng 2024-11-06T19:00:00Z

Opening remarks for Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada at the ACAMS Assembly Canada Conference – Toronto, Ontario, November 6, 2024

https://www.asc.ca/news-and-publications/news-releases/2024/11/nov-4-jsot-criminally-charges-thomas-normal-david-fiddler-with-fraud-and-money-laundering 2024-11-05T18:14:34Z

FINTRAC’s financial intelligence was recognized in an investigation by the Joint Serious Offences Team, comprised of the Alberta Securities Commission and the Alberta RCMP Federal Policing Integrated Market Enforcement Team. As a result of the investigation, one individual has been criminally charged with four counts of fraud over $5,000 and one count of laundering the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.opp.ca/news/#/viewnews/6720ee182703c 2024-10-29T19:12:20Z

FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in Project Opal, a multi-jurisdictional bank robbery investigation. Investigators have determined that the group of suspects is responsible for more than $2 million in reported losses across eight banks. As a result of the investigation, four suspects have been arrested and a fifth suspect was charged and remains wanted. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-10-29-eng 2024-10-29T13:00:00Z

Jones Lang Lasalle Real Estate Services, Inc., a real estate broker in Toronto, Ontario, was imposed an administrative monetary penalty of $107,827.50 for committing 6 violations.

https://fintrac-canafe.canada.ca/intel/bulletins/legal-juridique-eng 2024-10-23T17:00:00Z

This Special Bulletin supports businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing financial transactions associated with the laundering of proceeds of crime through the legal profession.

https://www.rcmp-grc.gc.ca/en/news/2024/63kg-cocaine-taken-the-streets-joint-investigation-brantford-police-service 2024-10-22T15:55:04Z

FINTRAC’s financial intelligence was recognized in a drug trafficking investigation by the RCMP Hamilton-Niagara Regional Detachment. The searches uncovered 6.3kg of cocaine, with a street value of $170,000 and approximately $2,000,000 in Canadian currency, which has been seized as suspected proceeds of crime. As a result of the investigation, three individuals have been charged. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2024/fraudster-arrested-money-laundering-offences-hawala-system 2024-10-17T11:26:55Z

FINTRAC’s financial intelligence was recognized in an investigation by the RCMP Federal Policing Northwest Region's Provincial Financial Crime Team in Edmonton, Alberta. The accused is alleged to have fraudulently received in excess of $100,000 from domestic and international victims who sent money through e-transfer and wire transfer to purchase goods from online sales platforms. The accused is also believed to have been running an informal value transfer system, known as hawala, using trade-based money laundering methods that contravene the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). The individual has been charged with fraud and several offences under the PCMLTFA, including failure to register as a money services business, failure to verify identity and failure to report large value transactions.

https://www.canada.ca/en/border-services-agency/news/2024/09/brampton-resident-pleads-guilty-for-failing-to-declare-over-227000-usd-at-canadian-border.html 2024-10-11T18:30:20Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Ontario and the Canada Border Services Agency in an investigation where one person has plead guilty to failing to declare over $227,000 USD at the Canadian border. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/re-ed/mortgage-hypotheque-eng 2024-10-11T16:01:00Z

https://fintrac-canafe.canada.ca/guidance-directives/relationship-relation/1-eng 2024-10-11T16:00:00Z

https://fintrac-canafe.canada.ca/re-ed/mortgage-hypotheque/1-eng 2024-10-08T13:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has launched a self-assessment tool to help businesses in the mortgage sector to determine if they are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-09-24-eng 2024-09-24T13:00:00Z

1000085532 Ontario Inc., a real estate broker in North York, Ontario, was imposed an administrative monetary penalty of $57,750 for committing 3 violations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-09-19-eng 2024-09-19T13:00:00Z

Coinseason Capital Inc., a money services business in Richmond, British Columbia, was imposed an administrative monetary penalty of $33,000 for committing 1 violation.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-09-12-eng 2024-09-12T13:00:00Z

Canada Changjiang Management Ltd., a money services business in Richmond, British Columbia, was imposed an administrative monetary penalty of $315,282 for committing 6 violations.

https://www.opp.ca/news/#/viewmediakit/66c7463e8608d 2024-08-23T12:08:59Z

FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in Project Fossil, a drug trafficking investigation that began in September 2023. As a result of the investigation, police seized large quantities of suspected cocaine, crystal methamphetamine, heroin and other illegal substances of an estimated street value of $2.7 million. 11 individuals have been charged with a total of 165 offences contrary to the Controlled Drugs and Substances Act, the Criminal Code and the Cannabis Act. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/guidance-directives/transaction-operation/str-dod/str-dod-eng 2024-08-19T18:00:00Z

FINTRAC updates its guidance on how to report suspected sanctions evasion in a Suspicious Transaction Report

https://fintrac-canafe.canada.ca/notices-avis/avs/2024-08-02-eng 2024-08-02T13:00:00Z

FINTRAC advisories are issued following every Financial Action Task Force (FATF) Plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

https://fintrac-canafe.canada.ca/intel/operation/tax-fiscale-eng 2024-08-01T13:00:00Z

This Operational Alert supports businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing financial transactions in the real estate sector suspected of being related to laundering the proceeds of tax evasion.

https://fintrac-canafe.canada.ca/msb-esm/reg-eng 2024-07-31T16:00:00Z

FINTRAC updates its online Money Services Business Registry, which provides up-to-date information on the most recent registration status of money services businesses and foreign money services businesses.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-07-31-eng 2024-07-31T13:00:00Z

Gestion de Patrimoine Blue Bridge Inc. was imposed an administrative monetary penalty of $49,500 on April 19, 2024, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-07-16-eng 2024-07-16T13:00:00Z

Masters Realty (2000) Ltd., was imposed an administrative monetary penalty of $83,655 on January 8, 2024, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-07-11-eng 2024-07-11T13:00:00Z

Metna General Trading Inc., a money services business, was imposed an administrative monetary penalty of $252,28 on November 7, 2023, for committing 7 violations.

https://www.opp.ca/news/#/viewmediakit/667c7e4d1024d 2024-06-27T16:46:11Z

FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in relation to Project Uptown, a human trafficking investigation that began in October 2022. As a result of the investigation, six individuals have been charged with 81 criminal offences, and five victims have been identified and are receiving necessary support. A total of $1,100 in Canadian currency was seized and more than 30 grams of various illicit substances were recovered. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/guidance-directives/transaction-operation/sanctions/sanctions-eng 2024-06-25T18:00:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes guidance on the requirement to report transactions suspected to be related to sanctions evasion.

https://fintrac-canafe.canada.ca/guidance-directives/guidance-directives-eng#s3 2024-06-24T17:30:00Z

Consult the latest guidance on Electronic Funds Transfer Reports and Casino Disbursement Reports.

https://fintrac-canafe.canada.ca/reporting-declaration/Info/api/api-eng 2024-06-24T17:30:00Z

Learn about the implementation of FINTRAC’S modernized forms for Electronic Funds Transfer Reports and Casino Disbursement Reports, which can now be submitted through FINTRAC API report submission, an application programming interface for the secure system-to-system transfer of report information.

https://alert-ab.ca/update-charges-laid-in-lengthy-camrose-stolen-property-investigation/ 2024-06-11T17:17:33Z

FINTRAC’s financial intelligence was recognized by ALERT Alberta in relation to Operation Elephant, a three-year stolen property investigation that began in 2021. As a result of the investigation, charges have been laid against four individuals for their alleged involvement. Nearly 90 stolen vehicles, trailers, farming equipment, and other machinery had been seized, with an estimated value of $3.1 million. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2024/international-human-smuggling-ring-dismantled 2024-06-07T12:22:37Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in an investigation into a large-scale human smuggling ring. The investigation revealed that the group funneled illegal migrants into the United States in the area around Cornwall, Ontario. The migrants were allegedly charged thousands of dollars by the smugglers. As a result of the investigation, four people have been arrested and arrest warrants have been issued for four additional suspects. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.osc.ca/en/news-events/news/joint-investigation-leads-fraud-money-laundering-charges-against-self-proclaimed-crypto-king-and 2024-05-16T17:09:37Z

FINTRAC’s financial intelligence was recognized by the Ontario Securities Commission and the Durham Regional Police Service in Project Swan, a joint investigation where a self-proclaimed “Crypto King” has been charged with fraud and money laundering. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/intel/advisories-avis/atm-ga-eng 2024-05-14T12:45:37Z

This Sectoral and Geographic Advisory will assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in understanding and recognizing the characteristics of illicit activity involving virtual currency automated teller machines.

https://www.wrps.on.ca/en/news/wrps-arrest-male-in-connection-to-large-scale-investment-fraud-investigation.aspx 2024-05-10T15:10:14Z

FINTRAC’s financial intelligence was recognized by the Waterloo Regional Police Service in a large-scale investment fraud investigation where one individual has been charged with money laundering. Investigators identified 23 victims from across Ontario who sustained over $1.4 million in losses. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-05-09-eng 2024-05-09T13:00:00Z

Binance Holdings Limited, a foreign money services business, was imposed an administrative monetary penalty of $6,002,000 on May 7, 2024, for committing 2 violations.

https://www.asc.ca/news-and-publications/news-releases/2024/05/may-01-jsot-criminally-charges-kathleen-debra-kelley-with-fraud-and-money-laundering 2024-05-02T15:17:09Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in an investigation where one individual has been charged with fraud and money laundering. It is alleged that the individual raised over $2.4 million from investors to invest on their behalf—primarily in the stock market—but in fact did not invest those funds. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-05-02-eng 2024-05-02T15:00:00Z

The Toronto-Dominion Bank (TD), a bank in Toronto, Ontario, was imposed an administrative monetary penalty of $9,185,000 on April 9, 2024, for committing 5 violations.

https://www.winnipeg.ca/news/2024-05-01-inter-provincial-drug-investigation 2024-05-01T19:29:09Z

FINTRAC’s financial intelligence was recognized by the Winnipeg Police Service in Project Soft Landing, a large-scale investigation targeting a high-level inter-provincial drug network. It is alleged that millions of dollars worth of illicit drugs and potentially firearms were being trafficked into Winnipeg from the Greater Toronto Area. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.asc.ca/news-and-publications/news-releases/2024/04/apr-30-asc-alleges-glenn-hunter-of-grande-prairie-and-kyle-watters-of-kelowna-and-their-companies 2024-05-01T12:43:32Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in an investigation into two businesses for purportedly acting as unregistered dealers. The Notice of Hearing alleges that two individuals and the companies they controlled acted as dealers without being registered in any capacity as required under Alberta securities laws. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/notices-avis/avs/2024-04-29-eng 2024-04-29T13:00:00Z

FINTRAC advisories are issued following every Financial Action Task Force (FATF) Plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

https://opp.ca/news/#/viewnews/6620fbd15d9cd 2024-04-18T18:45:26Z

FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in Project Sharp, an investigation of an emergency grandparent scam resulting in $2.2 million in reported losses Canada-wide. As a result of the investigation, 14 individuals were arrested and 56 charges were laid. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.asc.ca/en/News-and-Publications/News-Releases/2024/04/Apr-09-ASC-alleges-market-manipulation-scheme-of-Softlab9-Software-Solutions-Inc-shares 2024-04-10T15:42:00Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in the investigation of an alleged market manipulation scheme and insider reporting violations in breach of Alberta securities laws. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.asc.ca/en/news-and-publications/news-releases/2024/04/apr-05-asc-alleges-black-box-management-corp-and-invader-management-ltd-breached-securities-laws 2024-04-09T12:08:28Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in the investigation of a Ponzi-like scheme, where a Calgary resident and two companies controlled by the individual allegedly perpetrated fraud on investors and breached registration requirements. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2024/organized-crime-group-runs-out-luck 2024-04-08T14:48:47Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Ontario into an illegal gaming and book-making network investigation operating within the Greater Toronto Area. Police arrested sixteen people and seized illegal gaming devices, electronics, documentary evidence, jewelry, firearms and over $250,000 in currency. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/reporting-declaration/info/api/api-eng 2024-04-08T13:00:00Z

FINTRAC’s modernized Suspicious Transaction Report form has been implemented and can now be submitted through FINTRAC API report submission.

https://fintrac-canafe.canada.ca/obligations/dir-iri-eng 2024-02-23T19:30:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes an update to the guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran

https://fintrac-canafe.canada.ca/obligations/dir-rus-eng 2024-02-23T19:30:00Z

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) publishes a guidance related to the Ministerial Directive on Financial Transactions Associated with Russia issued on February 24, 2024

https://fintrac-canafe.canada.ca/intel/bulletins/gambling-jeu-eng 2024-01-18T14:00:00Z

This Special Bulletin will assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing and reporting transactions related to laundering the proceeds of crime through online gambling sites.

https://fintrac-canafe.canada.ca/new-neuf/nr/2024-01-17-eng 2024-01-17T15:15:00Z

Global West Realty Limited, also operating as Global West Realty Limited Brokerage, a real estate broker in Mississauga, Ontario, was imposed an administrative monetary penalty of $132,000 on August 18, 2023, for committing 5 violations. Global West Realty Limited has appealed the decision to the Federal Court.

https://newsroom.calgary.ca/media-advisory-police-arrest-four-people-in-multi-million-dollar-money-laundering-operation 2023-12-22T14:20:54Z

FINTRAC’s financial intelligence was recognized by the Calgary Police Service in relation to a money laundering investigation where four individuals have been charged for the production and illegal sale of anabolic steroids. It is believed the owner and operators of an specified anabolic steroid business acquired millions in sales and then laundered the money through cryptocurrency and real estate investments. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.asc.ca/news-and-publications/news-releases/2023/12/dec-20-david-del-bianco-sentenced 2023-12-22T13:10:07Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission in a fraud investigation where one individual has been convicted of fraud-related offences, including money laundering, and sentenced to more than four years in jail. The individual operated a legal services insurance company as an investment scheme, resulting in a loss of more than $520,000 for investors. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://news.gov.bc.ca/releases/2023PSSG0093-002007 2023-12-21T18:52:25Z

FINTRAC’s financial intelligence was recognized by the Ministry of Public Safety and Solicitor General in British Columbia (B.C.), where its Civil Forfeiture Office concluded proceedings with PacNet Services Ltd., which resulted in the forfeiture of $10 million in assets. This represents the B.C. Civil Forfeiture Office’s single largest forfeiture in the history of the program. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/pen/6-eng 2023-12-15T14:30:00Z

Backgrounder published by the Financial Transactions and Reports Analysis Centre to describe the change to its public notices for administrative monetary penalties.

https://www.rcmp-grc.gc.ca/en/news/2023/rcmp-drug-trafficking-investigation-project-bustle-results-multiple-charges-and-seizures 2023-12-14T14:57:28Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Newfoundland and Labrador in relation to Project Bustle, an interprovincial drug trafficking investigation that began in February 2021. Four homes and a commercial storage unit were searched and multiple items were seized, including cocaine and more than $173,000.00 in cash. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2023/two-ontario-men-arrested-terrorism-charges 2023-12-08T15:58:06Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police’s Integrated National Security Enforcement Team in a terrorism investigation where two men allegedly helped to create Terrorgram Collective manifestos and Atomwaffen Division recruiting videos in support of far-right extremism and neo-Nazi terrorism. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-12-07-eng 2023-12-07T16:00:00Z

Canadian Imperial Bank of Commerce (CIBC), also operating as Banque Canadienne Impériale de Commerce, a bank in Toronto, Ontario, was imposed an administrative monetary penalty of $1,329,150 on October 23, 2023, for committing 2 violations.

https://www.rcmp-grc.gc.ca/en/news/2023/money-laundering-cryptocurrency-uncovered-rcmps-project-decrypt 2023-12-06T16:53:57Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Manitoba in Project Decrypt, an investigation into an illicit cannabis trafficking network where one individual and his associates were charged with various offences, including one person charged with money laundering through cryptocurrencies. Investigators seized more than $6 million in drugs, equipment, and proceeds of crime, in addition to more than $3 million in property, more than $2 million in illicit cannabis, almost $700,000 in drug and cryptocurrency equipment, more than $203,000 in lifestyle items, more than $15,000 in Canadian currency, and seven firearms. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-12-06-eng 2023-12-06T14:00:46Z

Financial Intelligence Units of Australia, Canada, Estonia, France, Germany, Israel, Liechtenstein, Luxembourg, the Netherlands, New Zealand, Switzerland, the United Kingdom, the United States and other like-minded FIUs, established an international task force to combine and strengthen the efforts to disrupt the international money flows related to Hamas and support global anti-terrorism efforts through the coordination of financial intelligence and information sharing.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-12-05-eng 2023-12-05T16:00:00Z

News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on Royal Bank of Canada for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.

https://www.rcmp-grc.gc.ca/en/news/2023/two-individuals-charged-operating-an-illegal-currency-exchange-business 2023-11-23T17:55:47Z

FINTRAC’s contribution was recognized by the RCMP in Quebec in an investigation where two individuals were charged under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act for operating an unregistered money services business. The individuals allegedly conducted illegal transactions totalling more than $20 million from Canada to Algeria, mainly via China. Criminal penalties include imprisonment for up to 5 years and/or a fine of up to $500 000.

https://fintrac-canafe.canada.ca/notices-avis/avs/2023-11-20-eng 2023-11-20T18:00:00Z

FINTRAC advisories are issued following every Financial Action Task Force (FATF) Plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2023-11-16-eng 2023-11-16T14:32:34Z

Speaking points for Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada at the ACAMS Assembly Canada Conference – Toronto, Ontario, November 16, 2023

https://www.asc.ca/en/news-and-publications/news-releases/2023/11/nov-10-asc-finds-that-ali-ghani-prism-summerside-development-trust-perpetrated-a-fraud-on-investors 2023-11-10T18:57:55Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission (ASC) who determined that an individual and their associated businesses allegedly misappropriated $3.4 million from the development and sale of a strip mall in Alberta. The ASC found that proceeds from the sale of the strip mall were used for the benefit of other businesses and entities controlled by the individual without authorization or disclosure to the investors, resulting in a total loss of their investments. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://unitedforwildlife.org/news/international-statement-of-principles-announced/ 2023-11-09T20:12:50Z

At the United for Wildlife Global Summit, Barry MacKillop had the honour of meeting The Prince of Wales who announced a multinational Statement of Principles to combat the illegal wildlife trade.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-10-31-eng 2023-10-31T13:00:00Z

News release issued by FINTRAC to announce that it has imposed an administrative monetary penalty on Austin Jewellers (General partnership: Frank Suppanz and Lisa Suppanz, partners) for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated Regulations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-10-27-eng 2023-10-27T17:00:00Z

Norwich Real Estate Services Inc., also operating as RE/MAX Kelowna, a real estate broker in Kelowna, British Columbia, was imposed an administrative monetary penalty of $156,750 on August 28, 2023, for committing 1 violation. Norwich Real Estate Services Inc. has appealed the decision to the Federal Court.

https://fintrac-canafe.canada.ca/businesses-entreprises/changes-changements-eng#s5 2023-10-23T17:00:00Z

Learn about the implementation of FINTRAC API report submission, the new guidance “Reporting large cash transactions to FINTRAC”, the updated guidance “Reporting large virtual currency transactions to FINTRAC” and “Reporting transactions to FINTRAC: The 24-hour rule”, and more.

https://fintrac-canafe.canada.ca/businesses-entreprises/changes-changements-eng 2023-10-12T13:01:34Z

Learn about the new initiatives that FINTRAC is implementing, which impact reporting entities (businesses and individuals) such as the new assessment of expenses funding model, new obligations for armoured cars and the mortgage sector, stronger correspondent banking relationships and modernizing our reporting forms.

https://fintrac-canafe.canada.ca/guidance-directives/cost-cout/1-eng 2023-10-12T13:01:03Z

Learn about the assessment of expenses funding model being implemented by FINTRAC on April 1, 2024 to charge reporting entities (businesses and individuals) for the annual cost of its compliance program.

https://fintrac-canafe.canada.ca/re-ed/cars-vehicules-eng 2023-10-12T13:01:02Z

Determine if FINTRAC’s anti-money laundering and anti-terrorist financing requirements will apply to your armoured car business as of July 1, 2024 and understand what you will have to do to comply.

/re-ed/mortgage-hypotheque-eng 2023-10-12T13:01:00Z

Determine if FINTRAC’s anti-money laundering and anti-terrorist financing requirements will apply to you as a professional or business involved in the mortgage lending process as of October 11, 2024 and understand what you will have to do to comply.

https://www.rcmp-grc.gc.ca/en/news/2023/rcmp-manitoba-organized-crime-unit-lay-money-laundering-charge-project-doom 2023-10-05T19:47:29Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police Manitoba Organized Crime Unit in relation to Project Doom. One individual allegedly supplied various drugs to remote First Nation communities. The cash proceeds of these illicit drug sales were then used at casinos to try to hide the connection to criminal activity. The individual was charged with drug trafficking related offences, money laundering and possession of the proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2023/federal-rcmp-and-homeland-security-investigations-disrupt-international-drug-ring 2023-09-26T17:53:27Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Nova Scotia in relation to Operation Heinze, an international drug trafficking investigation that resulted the largest cocaine bust ever seen in western New York State. The alleged criminal network, which was considered to be one of the more sophisticated drug trafficking networks within Atlantic Canada, was facilitating the movement of imported cocaine throughout Ontario and the Atlantic provinces. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.sq.gouv.qc.ca/communiques/bilan-doperation-trafic-de-stupefiants/ 2023-09-19T18:32:52Z

FINTRAC’s contribution was recognized by the Sûreté du Québec in a drug trafficking investigation. This was an investigative phase whose ultimate goal was to put an end to the activities of an active criminal network believed to be linked to the Hells Angels. This network is alleged to have engaged in the trafficking and distribution of high volumes of narcotics. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/public/businesses-entreprises-eng 2023-08-31T18:00:00Z

Information for consumers about the role of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) in regulating money services businesses and how to remain vigilant when deciding to use the services of this type of business.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-08-24-eng 2023-08-24T13:00:00Z

857132 Ontario Limited, also operating as Diamonds For Less, a dealer in precious metals and precious stones in Toronto, Ontario was imposed an administrative monetary penalty of $99,314 on June 1, 2023, for committing 5 violations. The case is closed.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-08-17-eng 2023-08-17T13:30:00Z

Deshi Foreign Exchange Inc., a money services business in Toronto, Ontario, was imposed an administrative monetary penalty of $33,000 on May 25, 2023, for committing 1 violation. The case is closed.

https://alert-ab.ca/update-calgary-human-trafficking-suspect-facing-additional-charges/ 2023-08-16T18:56:04Z

FINTRAC’s financial intelligence was recognized by ALERT Calgary in relation to a human trafficking investigation. In May 2023, investigators became aware of the accused targeting teen girls in the Calgary area and sexually exploiting them. The suspect was charged with sexual interference, material benefit from sexual services of a person under 18, drug trafficking, making and distributing child pornography, and extortion by threats. One 15-year-old victim was identified initially. Police have since been able to identify three additional victims, each between the ages of 16 and 18. All victims are receiving necessary support and resources. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://hamiltonpolice.on.ca/news/project-odeon-dismantles-significant-illegal-opioid-producers/ 2023-08-10T17:57:42Z

FINTRAC’s financial intelligence was recognized by the Hamilton Police Service in relation to Project Odeon, a drug trafficking investigation that began after police discovered a clandestine laboratory during an overdose death investigation in November 2021 at a residence on Hamilton’s Mountain. As a result of the investigation, 12 individuals have been charged and there are 48 criminal charges to date which include possession for the purpose of trafficking, production of substance, proceeds of crime, firearm possession and conspiracy to commit an indictable offence. The police also seized a significant amount of fentanyl and over $350,000 of seized proceeds, including cars, jewelry, furniture and cash. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-08-10-eng 2023-08-10T17:00:00Z

The Centre Pacific Project Marketing Corp., a real estate broker in Vancouver, British Columbia, was imposed an administrative monetary penalty of $57,915 on May 23, 2023, for committing 6 violations. The case is closed.

https://alert-ab.ca/update-charges-laid-in-project-carlos/ 2023-08-09T18:01:59Z

FINTRAC’s financial intelligence was recognized by the ALERT Calgary in relation to Project Carlos, a multi-million-dollar drug trafficking investigation that took place in Calgary. A total of 33 charges were laid against 7 individuals with offences ranging from drug trafficking to money laundering, to criminal conspiracy, and organized crime-related offences. As a result of the investigation, more than $4.5 million worth of drugs and nearly $1 million in cash was seized. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/training-formation/id/id5-eng 2023-08-02T17:00:00Z

FINTRAC’s video helps businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better understanding how to use the reliance method to verify the identity of a client. Doing so helps take the anonymity out of financial transactions, which is one of the most important ways to protect Canada’s financial system from money laundering and terrorist financing activities.

https://www.rcmp-grc.gc.ca/en/news/2023/charges-laid-islamic-state-financier-canadas-terrorist-financing-investigation 2023-07-31T11:59:21Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in relation to Project Sabin, a terrorist financing investigation that began in March 2021. The investigation revealed that the individual made and disseminated pro-Islamic State propaganda on social media for the purposes of radicalizing and recruiting people to the terrorist group. It is alleged that the individual also conspired with an overseas member of the Islamic State to commit terrorist attacks against foreign embassies in Afghanistan as well as providing propaganda and research related to attacks conducted in Afghanistan against foreign nationals. As a result of the investigation, the individual is being charged with various Criminal Code offences including providing, making, available property and services for terrorist purposes, participation in activity of terrorist group, and facilitating terrorist activity. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.londonpolice.ca/en/news/project-safe-2023.aspx 2023-07-28T11:53:04Z

FINTRAC’s financial intelligence was recognized by the London Police Service in relation to Project Safe, an investigation into illegal firearms trafficking. A total of 70 individuals were charged with a combined 550 charges in relation to the investigations. As a result of the investigation, the police seized over $8.5 million dollars worth of drugs, including fentanyl, crack cocaine, cocaine, psilocybin, MDMA, methamphetamine, hydromorphone and oxycontin, and a total of 26 guns, including 22 handguns and 4 long-guns. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/intel/operation/ml-rec-eng 2023-07-25T13:00:00Z

This alert will assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in recognizing and reporting transactions with suspected roots in money laundering through underground banking related to China, notably in Hong Kong.

https://www.peelpolice.ca/Modules/News/index.aspx?feedId=f812883f-9f6d-4ef7-a039-4f196f1f57eb,24cde32a-aa5c-4166-a2b3-26722a001fb4&newsId=d50b1a7a-8e08-4f98-8bcf-4dc4ae142c1e 2023-07-19T17:25:23Z

FINTRAC’s financial intelligence was recognized by the Peel Regional Police in relation to Project Big Rig, a multijurisdictional investigation into a criminal theft ring. As a result of the investigation, 15 individuals are facing 73 charges and the police have recovered $6,990,000.00 of stolen cargo and $2,250,000.00 in value of stolen tractor trailers. The total value of property recovered is over 9 million dollars. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/notices-avis/avs/2023-07-17-eng 2023-07-17T13:00:00Z

FINTRAC advisories are issued following every Financial Action Task Force (FATF) Plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.

https://www.rcmp-grc.gc.ca/en/news/2023/saskatchewan-rcmp-strt-charges-two-males-investigation-forced-labour-saskatchewan 2023-07-07T18:43:44Z

FINTRAC’s financial intelligence was recognized by the RCMP's Swift Current Saskatchewan Trafficking Response Team (STRT) in relation to a human trafficking operation that began earlier this year. The victim was allegedly forced to work 10 to 12 hours a day, seven days a week, for several months at restaurants in Gull Lake, Elrose and Tisdale. The victim was also allegedly threatened by her employers that her working permit would be taken away or police would be called if she did not comply with the demanding work schedule and restrictions to her freedoms. As a result of investigation, Saskatchewan RCMP's STRT arrested two adult males in Tisdale and a third adult male was arrested in Elrose on July 5. The victim has been identified and provided with support. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://alert-ab.ca/human-trafficker-allegedly-recruited-victim-over-social-media/ 2023-07-06T17:34:03Z

FINTRAC’s financial intelligence was recognized by ALERT’s Human Trafficking Unit in relation to a human trafficking investigation. ALERT’s investigation, which dates back to July 2022, revealed that the victim was recruited and groomed via social media. ALERT believes the accused had been aggressively attempting to recruit other women. As a result of the investigation, one individual has been charged with numerous offences including trafficking in persons, material benefit from trafficking, advertising sexual services, and assault causing bodily harm. The victim has been identified and is receiving support and resources. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2023/police-and-border-services-rescue-victims-human-trafficking-ring 2023-06-13T17:50:09Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in relation to Project OExplorer, a human trafficking investigation. Throughout the investigation, evidence revealed that the suspects were advertising internationally for labourers to work in Canada. Upon arrival, the labourers were placed at local businesses across Southwestern Ontario. It is alleged that their travel documents were taken from them, they were paid sub-standard wages, and their living conditions bordered on inhumane. As a result of the investigation, 2 individuals were charged with multiple offenses under the Criminal Code and 31 victims were rescued. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2023/four-people-charged-drug-trafficking-investigation 2023-06-12T13:38:42Z

FINTRAC’s financial intelligence was recognized by the New Brunswick RCMP’s Federal Serious and Organized Crime Unit (FSOC) in relation to a drug trafficking investigation. Throughout the course of the investigation, police seized approximately 18 kilograms of cocaine, 3.5 kilograms of crystal methamphetamine and approximately $454,000 in cash. Four individuals have been charged and further charges are anticipated against several other individuals residing in both New Brunswick and Ontario. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.asc.ca/en/News-and-Publications/News-Releases/2023/06/Jun-1-Jordan-McBean-sentenced-to-7-years-in-jail-for-fraud 2023-06-02T14:36:21Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission and the Alberta RCMP Federal Policing Integrated Market Enforcement Team (IMET) in relation to a fraud investigation. The individual defrauded 11 victims out of a total of $2 million in fees that were allegedly charged to access billions of dollars in financing, which never materialized. As a result of the investigation, the individual was found guilty of 12 counts of fraud over $5,000 under the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.peelpolice.ca/Modules/News/index.aspx?newsId=eb45d57e-999a-4504-abb7-148ded441f71 2023-05-31T18:09:50Z

FINTRAC’s financial intelligence was recognized by the Peel Regional Police in relation to Project Pacific, a multi-jurisdictional human trafficking investigation. Members of a criminal network had been operating several illegal bawdy houses in the City of Mississauga, exploiting victims of Chinese descent within the sex trade. Investigators identified several members of this criminal network benefiting financially from the exploitation of these victims. As a result of the investigation, several individuals were arrested and charged with human trafficking and drug-related offences and over $48,000 in property and currency was seized. In addition, 13 human trafficking survivors were identified and supported. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-05-24-eng 2023-05-24T13:00:00Z

Niavaran Canada Inc., also operating as Niavaran Currency Exchange, a money service business in North York, Ontario was imposed an administrative monetary penalty of $57,255 on March 16, 2023, for committing 4 violations. The case is closed.

https://fintrac-canafe.canada.ca/intel/bulletins/rlml-eng 2023-05-18T13:00:00Z

This bulletin will assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better identifying and reporting to FINTRAC financial transactions related to Russia-linked money laundering activities.

https://fintrac-canafe.canada.ca/training-formation/id/id4-eng 2023-05-11T13:00:00Z

FINTRAC’s video helps businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better understanding how to use the affiliate or member method to verify the identity of a client. Doing so helps take the anonymity out of financial transactions, which is one of the most important ways to protect Canada’s financial system from money laundering and terrorist financing activities.

https://www.rcmp-grc.gc.ca/en/news/2023/integrated-market-enforcement-team-charges-five-individuals-transnational-brand-hijacking 2023-04-14T15:48:10Z

FINTRAC’s financial intelligence was recognized by the RCMP Federal Policing's Integrated Market Enforcement Team in relation to a hijacking scheme that began in December 2021. As a result of the investigation, five individuals have been charged with fraud over $5,000 contrary to section 380(1)(a) of the Criminal Code, theft over $5,000 contrary to section 334(a) of the Criminal Code; possession of Proceeds of Crime over $5,000 contrary to section 355(a) of the Criminal Code; and, laundering Proceeds of Crime contrary to section 462.31(1)(a) of the Criminal Code. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.wrps.on.ca/en/news/wrps-and-partners-make-arrest-in-fraud-investigation.aspx 2023-04-03T14:17:05Z

FINTRAC’s financial intelligence was recognized by the Waterloo Regional Police in relation to a fraud investigation where over $100,000.00 in forged cheques were deposited into accounts. As a result of the investigation, one individual was charged with several criminal offences, including fraud over $5,000, possession of credit card (two counts), possession of property obtained by crime, and laundering proceeds of crime. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.opp.ca/news/#/viewmediakit/6426dc508aa1c 2023-03-31T18:12:40Z

FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in relation to Project SASSAFRAS, a labour human trafficking investigation. As a result of the investigation, an Orillia resident was arrested and charged with 11 counts of human trafficking of persons, as per Section 279.01 of the Criminal Code, and 10 counts of material benefits in trafficking of persons, as per Section 279.02 of the Criminal Code. Fifteen victims, ranging from 21 to 54 years old, were identified and provided support. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-03-24-eng 2023-03-24T17:00:00Z

Vision Bank Ltd., also operating as Vision Bank (Canada), a money services business in Markham, Ontario, was imposed an administrative monetary penalty of $33,000 on March 8, 2023, for committing 1 violation. The violation was found during the course of a compliance examination in 2022.

https://fintrac-canafe.canada.ca/training-formation/id/id3-eng 2023-03-22T13:00:00Z

FINTRAC’s video helps businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better understanding how to use the dual-process method to verify the identity of a client. Doing so helps take the anonymity out of financial transactions, which is one of the most important ways to protect Canada’s financial system from money laundering and terrorist financing activities.

https://fintrac-canafe.canada.ca/notices-avis/avs/2023-03-20-eng 2023-03-20T13:00:00Z

In order to protect the international financial system from money laundering and terrorist financing risks, the Financial Action Task Force (FATF) issued a statement on high-risk jurisdictions subject to a call for action and a statement on jurisdictions under increased monitoring. Reporting entities should consider this information in determining whether to send a suspicious transaction report to FINTRAC.

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2023-03-10-eng 2023-03-10T14:45:00Z

Speaking Notes for Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada at the 91st Annual Ottawa Conference on Security and Defence.

https://fintrac-canafe.canada.ca/new-neuf/nr/2023-03-06-eng 2023-03-06T15:00:00Z

Wealth One Bank of Canada, a bank in Toronto, Ontario, was imposed an administrative monetary penalty of $676,500 on February 15, 2023, for committing 4 violations. The violations were found during the course of a compliance examination in 2022.

https://www.gsps.ca/en/news/ijfs-assists-61-victims-of-human-trafficking-239-charges-laid.aspx# 2023-02-22T20:07:00Z

On this Human Trafficking Awareness Day, FINTRAC’s financial intelligence was recognized by the Provincial Human Trafficking Intelligence-led Joint Forces Strategy (IJFS) members for supporting dozens of human trafficking investigations since December 2021. As a result of their 65 investigations, police assisted 61 victims and 239 charges were laid against 28 people. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://fintrac-canafe.canada.ca/guidance-directives/client-clientele/Guide11/11-eng#s6 2023-02-22T16:00:00Z

FINTRAC updated its guidance on Methods to verify the identity of persons and entities to help banks comply with their obligations when a person does not have proper identification documentation or information. The updated guidance includes a section on “How to verify the identity of a person who does not have any identity verification documentation or information for a retail deposit account”.

https://www.gazette.gc.ca/rp-pr/p1/2023/2023-02-18/html/index-eng.html#:~:text=Finance%2C%20Dept.%20of-,Proceeds%20of%20Crime%20(Money%20Laundering)%20and%20Terrorist%20Financing%20Act,-Financial%20Transactions%20and 2023-02-20T20:00:01Z

https://www.winnipeg.ca/news/2023-02-17-inter-provincial-investigation-project-onyx 2023-02-17T19:41:19Z

FINTRAC’s financial intelligence was recognized by the Winnipeg Police Service in Project Onyx, an inter-provincial investigation where drug traffickers and couriers imported large quantities of drugs from Ontario and British Columbia. Thirteen people were arrested and police seized various drugs, cash, handguns and ammunition, and 12 vehicles. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.

https://www.rcmp-grc.gc.ca/en/news/2023/rcmp-and-cbsa-prevent-84-kg-suspected-cocaine-entering-canada 2023-02-09T14:30:10Z

FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in relation to a drug investigation at the Blue Water Bridge port of entry in Point Edward, Ontario. As a result of the inspection of the commercial truck, the border services officers discovered 84 bricks of suspected cocaine, weighing approximately 84 kg. The individual has been charged with the importation of cocaine and possession for the purpose of trafficking.

https://fintrac-canafe.canada.ca/training-formation/id/id2-eng 2023-01-26T15:00:00Z

FINTRAC’s video helps businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better understanding how to use the credit file method to verify the identity of a client. Doing so helps take the anonymity out of financial transactions, which is one of the most important ways to protect Canada’s financial system from money laundering and terrorist financing activities.

https://www.rcmp-grc.gc.ca/en/news/2023/charges-laid-3-ontario-residents-smuggling-15-tonnes-cocaine-canada 2023-01-19T13:48:31Z

FINTRAC’s financial intelligence was recognized by the RCMP Federal Police Transnational Serious and Organized Crime team from the Kitchener detachment in relation to a sophisticated international drug importation scheme leading to multiple charges against three individuals. As a result of the investigation, in early January 2022, border services officers in Saint John, New Brunswick, seized more than 1.5 tonnes of cocaine concealed within industrial machinery. The total value of the seized cocaine on the current illicit market was approximately $198,000,000 CAD.

https://www.asc.ca/en/news-and-publications/news-releases/2023/01/jan-16-court-finds-william-jordan-mcbean-guilty-of-fraud 2023-01-16T19:57:00Z

FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission following an investigation by the Joint Serious Offences Team. As a result of the investigation, one individual has been convicted of 12 counts of fraud over $5,000 under the Criminal Code. The individual defrauded 11 victims out of a total of $2 million in fees charged allegedly to obtain access to billions of dollars in financing, which never materialized.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-12-15-eng 2022-12-15T14:00:00Z

FINTRAC published its latest Operational Alert: Terrorist Activity Financing. This Alert will assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better identifying and reporting to FINTRAC financial transactions related to terrorist activity financing.

https://fintrac-canafe.canada.ca/notices-avis/2022-12-08-eng 2022-12-08T14:00:00Z

FINTRAC publishes information on upcoming changes to SWIFT EFTR and ISO20022 implementation.

https://fintrac-canafe.canada.ca/notices-avis/avs/2022-11-28-eng 2022-11-28T14:00:00Z

In order to protect the international financial system from money laundering and terrorist financing risks, the Financial Action Task Force (FATF) issued a statement on high-risk jurisdictions subject to a call for action and a statement on jurisdictions under increased monitoring. Reporting entities should consider this information in determining whether to send a suspicious transaction report to FINTRAC.

https://fintrac-canafe.canada.ca/training-formation/id/id-eng 2022-11-02T13:00:23Z

FINTRAC’s new video helps businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better understanding how to use the government-issued photo identification document method to verify the identity of a client. Doing so helps take the anonymity out of financial transactions, which is one of the most important ways to protect Canada’s financial system from money laundering and terrorist financing activities.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-10-18-eng 2022-10-18T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-10-13-eng 2022-10-13T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-10-06-eng 2022-10-06T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-09-28-eng 2022-09-28T13:00:00Z

FINTRAC published today its latest Operational alert: Laundering of proceeds from illicit cannabis. This Alert will support Project Legion, Canada’s latest public-private partnership led by Toronto Dominion, and assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in better identifying and reporting suspicious transactions related to illicit cannabis activities.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-08-16-eng 2022-08-16T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/notices-avis/2022-07-21-eng 2022-07-21T17:00:00Z

FINTRAC publishes a Notice to reporting entities about businesses that are engaged in providing certain payment services that have MSBs or FMSBs obligations under the PCMLTFA

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-07-21-eng 2022-07-21T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-07-12-eng 2022-07-12T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/notices-avis/avs/2022-07-08-eng 2022-07-08T13:00:00Z

In order to protect the international financial system from money laundering and terrorist financing risks, the Financial Action Task Force (FATF) issued a statement on high-risk jurisdictions subject to a call for action and a statement on jurisdictions under increased monitoring. Reporting entities should consider this information in determining whether to send a suspicious transaction report to FINTRAC.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-06-23-eng 2022-06-23T16:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2022-06-15-eng 2022-06-15T16:52:53Z

Remarks from Sarah Paquet, Director and Chief Executive Officer, at the Canadian Institute 21st Annual Canadian Forum on Anti-Money Laundering and Financial Crime, June 15, 2022

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-05-12-eng 2022-05-12T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-05-10-eng 2022-05-10T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-05-05-eng 2022-05-05T13:00:00Z

FINTRAC has published a new Sectoral and Geographic Advisory that provides key characteristics of illicit underground banking through unregistered money services businesses in Canada.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-04-29-eng 2022-04-29T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/notices-avis/2022-04-27-eng 2022-04-27T15:00:00Z

Learn more about the new Regulations that add businesses offering crowdfunding platforms services and certain payment service providers as regulated entities under the PCMLTFA.

https://www.fintrac-canafe.gc.ca/notices-avis/avs/2022-03-28-eng 2022-03-28T13:00:00Z

In order to protect the international financial system from money laundering and terrorist financing risks, the Financial Action Task Force (FATF) issued a statement on high-risk jurisdictions subject to a call for action and a statement on jurisdictions under increased monitoring. Reporting entities should consider this information in determining whether to send a suspicious transaction report to FINTRAC.

https://fintrac-canafe.canada.ca/intel/bulletins/rlml-eng 2022-03-24T14:00:00Z

FINTRAC published a Special Bulletin on Russia-linked Money Laundering related to Sanctions Evasion to assist businesses in detecting and reporting suspicious transactions to FINTRAC.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-03-22-eng 2022-03-22T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/guidance-directives/exam-examen/cam/cams-eng 2022-03-21T13:00:00Z

The FINTRAC Assessment manual has been updated with clarifications to reflect the recent coming into forces of regulatory amendments, and related changes to our examination process.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-03-16-eng 2022-03-16T19:00:00Z

FINTRAC is committed to working with its domestic partners and international allies to combat the laundering of funds stemming from sanctions evasion following the Russian Federation’s unjustifiable and unprovoked invasion of Ukraine.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-03-15-eng 2022-03-15T13:07:24Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-03-03-eng 2022-03-03T14:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty.

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2022-02-24-eng 2022-02-24T19:49:57Z

Opening Remarks by Barry MacKillop, Deputy Director of Intelligence, Financial Transactions and Reports Analysis Centre of Canada at the House of Commons Finance Committee Parliamentary Review of the Emergencies Act, February 24, 2022

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2022-02-10-eng 2022-02-10T19:13:09Z

Opening Remarks by Barry MacKillop, Deputy Director of Intelligence, Financial Transactions and Reports Analysis Centre of Canada at the House of Commons Public Safety and National Security Committee, February 10, 2022

https://fintrac-canafe.canada.ca/notices-avis/2022-01-31-eng 2022-01-31T16:00:00Z

FINTRAC publishes a Notice to reporting entities on the withdrawal of temporary COVID-related support

https://fintrac-canafe.canada.ca/new-neuf/nr/2022-01-13-eng 2022-01-13T14:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-12-23-eng 2021-12-23T14:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/notices-avis/2021-12-02-eng 2021-12-02T17:00:00Z

FINTRAC publishes a Notice to reporting entities to provide further clarification on its expectations as of December 1, 2021.

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2021-11-09-eng 2021-11-09T14:00:00Z

Speaking Notes for Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada for a virtual keynote address to the Association of Certified Fraud Examiners Canadian Conference, November 8-9, 2021

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-11-04-eng 2021-11-04T18:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/new-neuf/ps-pa/2021-11-03-eng 2021-11-03T13:15:00Z

Remarks from Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada at the ACAMS 9th Annual AML and Anti-Financial Crime Conference – Virtual Canada, November 3, 2021

https://fintrac-canafe.canada.ca/msb-esm/register-inscrire/no-eng 2021-10-15T13:00:00Z

The criteria defining who is ineligible to register an MSB or an FMSB has changed.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-07-30-eng 2021-07-30T11:50:00Z

FINTRAC publishes its latest Operational Alert, Updated Indicators: Laundering of proceeds from human trafficking for sexual exploitation. These additional indicators are meant to further assist businesses in identifying and reporting to FINTRAC financial transactions suspected of being related to the laundering of funds associated with human trafficking for sexual exploitation.

https://fintrac-canafe.canada.caa/intel/operation/oai-hts-2021-eng 2021-07-30T11:50:00Z

FINTRAC has published additional indicators to assist businesses in identifying and reporting financial transactions related to human trafficking for sexual exploitation.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-06-25-eng 2021-06-25T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/intel/bulletins/imve-eng 2021-06-15T13:00:00Z

FINTRAC continues to support reporting entities by producing strategic intelligence products, which provide analytical perspectives on the nature, scope and threats posed by money laundering and terrorism financing. To that end, this special bulletin presents the results of FINTRAC’s analysis of IMVE-related transaction reporting, supplemented by information from media reports and academic research.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-06-11-eng 2021-06-11T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-06-10-eng 2021-06-10T12:00:00Z

FINTRAC and the Organisme d'autoréglementation du courtage immobilier du Québec have signed a Memorandum of Understanding to allow for the exchange of compliance-related information.

https://fintrac-canafe.canada.ca/guidance-directives/transaction-operation/lvctr/lvctr-eng 2021-06-01T13:00:00Z

FINTRAC has published guidance on reporting large virtual currency transactions.

https://fintrac-canafe.canada.ca/notices-avis/2021-06-01-eng 2021-06-01T13:00:00Z

Canada’s AML/ATF regime is stronger today with the coming-into-force of the regulatory amendments.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-05-20-eng 2021-05-20T15:00:00Z

FINTRAC and the Society of Notaries Public of British Columbia have signed a Memorandum of Understanding to allow for the exchange of compliance-related information.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-05-19-eng 2021-05-19T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/notices-avis/assessment-eng 2021-05-18T13:00:00Z

FINTRAC has published a notice on its assessment approach for the obligations that will come into force on June 1, 2021, as per the amended Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.

https://fintrac-canafe.canada.ca/guidance-directives/1-eng 2021-05-04T13:00:00Z

FINTRAC has published updated guidance to reflect upcoming regulatory amendments on compliance program requirements, methods to verify the identity of persons and entities, third party determination requirements, reporting terrorist property, prepaid payment products and accounts, the 24-hour rule, travel rule requirements, and an updated FAQ about domestic PEPs and HIOs.

https://www.fintrac-canafe.gc.ca/contact-contactez/1-eng 2021-04-09T13:00:00Z

Looking for a speaker from FINTRAC’s Compliance sector for your next event? Contact us through our speaker request form.

https://www.fintrac-canafe.gc.ca/guidance-directives/client-clientele/1-eng 2021-03-23T13:00:00Z

FINTRAC has updated its record keeping, client ID, beneficial ownership, correspondent banking, and foreign branches, foreign subsidiaries and affiliates guidance.

/new-neuf/nr/2021-03-22-eng 2021-03-22T17:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

/new-neuf/nr/2021-03-18-eng 2021-03-18T13:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/new-neuf/nr/2021-03-04-eng 2021-03-04T14:00:00Z

FINTRAC makes public on this website a list of persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication.

https://fintrac-canafe.canada.ca/guidance-directives/client-clientele/1-eng 2021-02-17T14:00:00Z

FINTRAC has updated its guidance on politically exposed persons and heads of international organizations, ongoing monitoring and business relationships

https://fintrac-canafe.canada.ca/obligations/dir-iri-eng 2021-01-29T14:00:00Z

FINTRAC has updated its guidance in relation to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran.

https://fintrac-canafe.canada.ca/guidance-directives/compliance-conformite/rba/rba-eng 2021-01-04T14:00:00Z

FINTRAC has published updates to its Risk assessment guidance