Financial Transactions and Reports Analysis Centre of Canada
What's New at the Financial Transactions and Reports Analysis Centre of Canada
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2024-03-22T13:44:08-04:00
© Financial Transactions and Reports Analysis Centre of Canada
Financial Transactions and Reports Analysis Centre of Canada
https://www.fintrac-canafe.canada.ca/index.html
Guidance related to the Ministerial Directive on Financial Transactions Associated with Russia issued on February 24, 2024
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
Update to the guidance related to the Ministerial Directive on Financial Transactions Associated with the Islamic Republic of Iran: clarifications on requirements for virtual currency transactions
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
Additional technical resource documents published to help reporting entities prepare for changes to the Electronic Funds Transfer Report Form and the Casino Disbursement Report Form
https://fintrac-canafe.canada.ca/guidance-directives/documents-prog/docs-eng
2024-02-22T18:30:00Z
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has developed additional technical documentation to help businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations prepare for the implementation of changes to the Electronic Funds Transfer Report Form and the Casino Disbursement Report Form.
News release: Arrest Made in Human Trafficking Project, Project Blanco
https://www.tps.ca/media-centre/news-releases/58820/
2024-02-22T16:50:22Z
FINTRAC’s financial intelligence was recognized by the Toronto Police Service in relation to Project Blanco, an investigation of an alleged serial sex trafficker operating within the Greater Toronto and Greater Vancouver areas. During the course of the investigation, police identified six female victims who were allegedly sexually exploited for commercial purposes. One individual has been arrested and charged with multiple offences, including laundering the proceeds of Canadian 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.
News release: Thunder Bay Police Service releases details of Project Marble
https://www.thunderbaypolice.ca/news/thunder-bay-police-service-releases-details-project-marble
2024-02-08T19:08:43Z
FINTRAC’s financial intelligence was recognized by the Thunder Bay Police Service in relation to Project Marble, a drug trafficking investigation where nine people were charged with more than 50 offences. Investigators seized approximately $2 million in value of illicit drugs, including cocaine, $100,000 in cash, and property allegedly obtained by crime of a value of more than $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.
Additional technical resource documents published to help reporting entities prepare for changes to the Electronic Funds Transfer Report Form and the Casino Disbursement Report Form
https://fintrac-canafe.canada.ca/guidance-directives/documents-prog/docs-eng?1
2024-01-31T16:00:00Z
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has developed additional technical documentation to help businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations prepare for the implementation of changes to the Electronic Funds Transfer Report Form and the Casino Disbursement Report Form.
Additional technical resource documents to help reporting entities prepare for changes to reporting forms
https://fintrac-canafe.canada.ca/guidance-directives/documents-prog/docs-eng?2
2024-01-19T20:00:00Z
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has developed additional technical documentation to help businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations prepare for the implementation of changes to reporting forms.
Special Bulletin on laundering the proceeds of crime through online gambling sites
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.
News release: FINTRAC imposes an administrative monetary penalty on Global West Realty Limited
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.
News release: Kingston Police make arrest following fraud investigation
https://www.kingstonpolice.ca/en/news/kingston-police-make-arrest-following-fraud-investigation.aspx
2024-01-08T16:31:20Z
FINTRAC’s financial intelligence was recognized by Kingston Police relating to a fraud investigation where an individual allegedly carried out “advance-fee scams” and defrauded investors over the course of four years. The individual was charged with numerous offences, including a charge for 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.
New resource documents to help reporting entities prepare for changes to Electronic Funds Transfer Report Form and Casino Disbursement Report Form
https://fintrac-canafe.canada.ca/guidance-directives/documents-prog/docs-eng?3
2023-12-29T15:00:00Z
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has developed documentation to help businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the Act) and associated Regulations prepare for the implementation of the new Electronic Funds Transfer Report (EFTR) form and the new Casino Disbursements Report (CDR) form.
News release: Police arrest four people in multi million-dollar money laundering operation
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.
News release: David Del Bianco sentenced to 4.5 years in jail for fraud and money laundering
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.
News release: Minister’s statement on major forfeiture of PacNet assets
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.
FINTRAC revokes the registration of certain money services businesses
https://fintrac-canafe.canada.ca/public/registration-inscription-eng
2023-12-21T14:00:00Z
FINTRAC publishes the list of the 5 registrations of money services businesses it revoked between April and September 2023
News release: Update: Project Top Shelf
https://www.ottawapolice.ca/en/news/project-top-shelf-40-kg-of-cocaine-and-4-kg-of-crack-cocaine-seized-two-arrests.aspx
2023-12-15T18:28:16Z
FINTRAC’s financial intelligence was recognized by Ottawa Police in relation to Project Top Shelf, an investigation into a cocaine distribution network that has had a significant impact on the drug trafficking landscape in Ottawa. Three additional people were arrested and police seized documentary evidence, Canadian currency, and a loaded handgun with an extended magazine. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.
Backgrounder: Change to public notices for administrative monetary penalties
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.
News release: RCMP drug-trafficking investigation, Project Bustle, results in multiple charges and seizures of cocaine and cash
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.
News release: Two Ontario men arrested on terrorism charges
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.
News release: FINTRAC imposes an administrative monetary penalty on Canadian Imperial Bank of Commerce
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.
News release: Money laundering through cryptocurrency uncovered in RCMP’s Project Decrypt
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.
Counter Terrorist Financing Task Force – Israel (CTFTI): FIU Task Force Public Statement
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.
News release: FINTRAC imposes an administrative monetary penalty on Royal Bank of Canada
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.
News release: FINTRAC publishes its 2022–23 Annual Report, Safe Canadians, Secure Economy
https://fintrac-canafe.canada.ca/new-neuf/nr/2023-12-04-eng
2023-12-04T14:00:00Z
FINTRAC published its 2022–23 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.
News release: Two men found guilty and sentenced in human trafficking investigation
https://www.yrp.ca/en/Modules/News/index.aspx?newsId=5bc20949-5856-484d-88f3-3955c2ab9bd6
2023-11-29T17:53:52Z
FINTRAC’s financial intelligence was recognized by York Regional Police in relation to Project Eonni. Two individuals were sentenced for charges relating to this human trafficking investigation and nine victims were saved. The court also ordered that the $4 million dollars seized be forfeited, making it the largest cash seizure in the history of York Regional Police. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.
News release: Two individuals charged with operating an illegal currency exchange business
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.
November 20, 2023 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force
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.
Speaking points for Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada at the ACAMS Assembly Canada Conference
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
News release: ASC finds that Ali Ghani, Prism, Summerside Development Trust and others perpetrated a fraud on investors
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.
News release: Governments agree new measures to clamp down on financial crime fuelling the illegal wildlife trade
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.
News release: FINTRAC imposes an administrative monetary penalty on Austin Jewellers
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.
News release: FINTRAC imposes an administrative monetary penalty on Norwich Real Estate Services Inc.
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.
FINTRAC implements important changes: Large Cash Transaction Report form, guidance and API report submission
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.
FINTRAC has updated the following page: Draft documents to help you prepare for changes to FINTRAC’s reporting forms
https://fintrac-canafe.canada.ca/guidance-directives/documents-prog/docs-eng?4
2023-10-23T17:00:00Z
Consult the latest draft documents posted by FINTRAC to help reporting entities prepare for upcoming changes to its reporting forms.
FINTRAC has updated the schedule to implement changes to its reporting forms
https://fintrac-canafe.canada.ca/guidance-directives/schedule-calendrier-eng
2023-10-23T17:00:00Z
Learn about the latest update to the multi-year initiative schedule of the Financial Transactions and Reporting Analysis Centre of Canada (FINTRAC) to implement important changes to its reporting forms.
Modernization and upcoming changes impacting reporting entities
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.
Charging reporting entities for FINTRAC’s compliance program as of April 1, 2024
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.
Requirements applicable to armoured cars as of July 1, 2024
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.
Requirements applicable to the mortgage sector as of October 11, 2024
/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.
News release: RCMP Manitoba Organized Crime Unit lay money laundering charge in Project Doom
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.
News release: Federal RCMP and Homeland Security Investigations disrupt international drug ring
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.
News release: Operation Report – Drug Trafficking (French only)
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.
Conducting transactions with a money services business
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.
News release: Two facing over 80 charges in large-scale Ponzi scheme
https://www.edmontonpolice.ca/News/MediaReleases/ponzischemeAug30
2023-08-31T13:07:54Z
FINTRAC’s financial intelligence was recognized by the Edmonton Police Service in relation to the investigation of a $7.8 million Ponzi scheme targeting investors in Alberta and British Columbia. The two suspects were allegedly offering securities in the form of promissory notes to guarantee investors a set return on their investment, which was often presented as a real estate “flip.” The scheme was often run under the company name Group Venture Inc., and is believed to have been ongoing between October 2008 and December 2020. As a result of the investigation, 2 individuals are jointly charged with 80 counts of fraud over $5,000 and one count of 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.
News release: FINTRAC imposes an administrative monetary penalty on 857132 Ontario Limited
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.
FINTRAC has updated the following page: Draft documents to help you prepare for changes to FINTRAC’s reporting forms
https://fintrac-canafe.canada.ca/guidance-directives/documents-prog/docs-eng?=1
2023-08-18T13:00:00Z
Consult the latest additional draft documents posted by FINTRAC to help reporting entities prepare for upcoming changes to its reporting forms.
News release: FINTRAC imposes an administrative monetary penalty on Deshi Foreign Exchange Inc.
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.
News release: Update: Calgary human trafficking suspect facing additional charges
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.
News release: Project Odeon Dismantles Significant Illegal Opioid Producers
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.
News release: FINTRAC imposes an administrative monetary penalty on The Centre Pacific Project Marketing Corp.
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.
News release: Update: Charges laid in Project Carlos
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.
Video 5 – Verifying the identity of a client: Reliance method
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.
News release: Charges laid against Islamic State financier in Canada’s terrorist financing investigation
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.
News release: Project Safe 2023
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.
FINTRAC revokes the registration of certain money services businesses
https://fintrac-canafe.canada.ca/public/registration-inscription-eng
2023-07-27T15:30:00Z
FINTRAC publishes the list of the 14 registrations of money services businesses it revoked between January and March 2023
Updated indicators: Laundering the proceeds of crime through underground banking schemes
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.
News release: PRP Joint Force Operation Results in significant cargo theft recovery
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.
July 17, 2023 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force
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.
News release: Saskatchewan RCMP STRT charges two males after investigation into forced labour at Saskatchewan restaurants
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.
News release: Human trafficker allegedly recruited victim over social media
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.
News release: Fugitive facing charges in a CRA scam relinquishes $200K to the BC Civil Forfeiture Office
https://cb-bc.grc-rcmp.gc.ca/ViewPage.action?siteNodeId=2087&languageId=1&contentId=80197
2023-06-29T14:15:19Z
Update on Project Octavia: After a multijurisdictional investigation by the British Columbia RCMP, the individual who is facing fraud related charges from a CRA scam in 2021, has now agreed to relinquish $200,000 in a settlement with the BC Civil Forfeiture Office in BC Supreme Court. The relinquished $200,000 represents nearly the full traceable amount from the fraud linked to that property. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.
News release: Police and border services rescue victims of human trafficking ring
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.
News release: Four people charged following drug trafficking investigation
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.
News release: Jordan McBean sentenced to 7 years in jail for fraud
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.
News release: Project Pacific: Results of Collaborative Human Trafficking Investigation
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.
News release: FINTRAC imposes an administrative monetary penalty on Niavaran Canada Inc.
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.
Special Bulletin on Russia-linked money laundering activities
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.
Video 4 – Verifying the identity of a client: Affiliate or member method
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.
News release: Integrated Market Enforcement Team charges five individuals in transnational brand hijacking scheme
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.
News release: WRPS and Partners Make Arrest in Fraud Investigation
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.
News release: Arrest made in Orillia labour human trafficking case
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.
News release: FINTRAC imposes an administrative monetary penalty on Vision Bank Ltd.
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.
News release: Chilliwack RCMP seek public assistance in identifying a female suspected of ATM thefts
https://bc-cb.rcmp-grc.gc.ca/ViewPage.action?siteNodeId=2087&languageId=1&contentId=78927
2023-03-24T13:06:03Z
FINTRAC’s financial intelligence has been recognized by the Chilliwack Royal Canadian Mounted Police in relation to an ongoing multi-jurisdictional investigation into a series of ATM thefts which occurred in the Upper Fraser Valley. With the financial transaction reports received from Canadian businesses across the country, FINTRAC is providing valuable assistance to law enforcement and national security investigations.
Video 3 – Verifying the identity of a client: Dual-process method
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.
March 20, 2023 – FINTRAC Advisory: Financial transactions related to countries identified by the Financial Action Task Force (FATF)
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.
Speaking Notes for Sarah Paquet Director and Chief Executive Officer As part of a panel on Following the Money: Trends in Financial Crime and the Funding of Illicit Activities at the 91st Annual Ottawa Conference on Security and Defence
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.
News release: FINTRAC imposes an administrative monetary penalty on Wealth One Bank of Canada
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.
News release: IJFS Assists 61 Victims of Human Trafficking – 239 Charges Laid
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.
Update to the Guidance on methods to verify the identity of persons and entities: New section entitled “How to verify the identity of a person who does not have any identity verification documentation or information for a retail deposit account”
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”.
Invitation to comment on the proposed regulations related to the Proceeds of Crime (Money Laundering and Terrorist Financing Act published in the Canada Gazette (Part I, Volume 157, Number 7) by March 20, 2023
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
News release: Inter-Provincial Investigation – Project Onyx
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.
FINTRAC revokes the registration of certain money services businesses
https://fintrac-canafe.canada.ca/public/registration-inscription-eng?=1
2023-02-16T15:00:00Z
FINTRAC publishes the list of the 30 registrations of money services businesses it revoked between October and December 2022
News release: RCMP and CBSA prevent 84 kg of suspected cocaine from entering Canada
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.
News release: Three people arrested and charged in fraudulent gift cards investigation, Project Wash
https://www.tps.ca/media-centre/news-releases/55095/
2023-02-02T19:00:20Z
FINTRAC’s financial intelligence was recognized by the Toronto Police Service Financial Crimes Unit in relation to Project Wash, a fraudulent retail gift cards investigation. As a result of the investigation, three individuals have been charged including for fraud over $5,000 and possession of proceeds obtained by crime. The police seized a large amount of fraudulent gift cards, valued at approximately $500,000 and computer equipment and electronics used for altering and manufacturing gift cards and a quantity of fake government issued identity documents.
News release: FINTRAC publishes money laundering indicators related to illegal wildlife trade in support of Project Anton
https://fintrac-canafe.canada.ca/new-neuf/nr/2023-01-31-eng
2023-01-31T14:00:00Z
FINTRAC published today its latest Operational alert: Laundering the proceeds of crime from illegal wildlife trade. 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 illegal wildlife trade.
News release: Four Charged with Importing Cocaine and Proceeds of Crime
https://www.rcmp-grc.gc.ca/en/news/2023/four-charged-importing-cocaine-and-proceeds-crime
2023-01-27T16:37:40Z
FINTRAC’s financial intelligence was recognized by the RCMP Federal Policing Transnational Serious and Organized Crime (TSOC) team in relation to an extensive investigation into a large-scale drug importation network in the Greater Toronto Area. As a result of the complex investigation, four individuals have been charged and the RCMP seized, as proceeds of crime, over $800,000 in Canadian currency, 88 units of Ether cryptocurrency, a 2022 Mercedes Benz G-wagon and over $2,000,000 in jewelry, watches and other luxury items.
Video 2 – Verifying the identity of a client: Credit file method
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.
News release: Charges laid against 3 Ontario residents after smuggling 1.5 tonnes of cocaine into Canada
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.
News release: Court finds William Jordan McBean guilty of fraud
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.
Resource documents to help reporting entities prepare for changes to the Suspicious Transaction Report (STR) form
https://fintrac-canafe.canada.ca/notices-avis/2022-12-16-eng
2022-12-16T14:00:00Z
FINTRAC publishes resource documents to help reporting entities prepare for changes to the Suspicious Transaction Report (STR) form.
News release: FINTRAC publishes terrorist activity financing indicators in its new Operational Alert
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.
Information on upcoming changes to SWIFT EFTR and ISO20022 implementation
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.
News release: Canada-wide warrants issued for Calgary man connected to human trafficking
https://alert-ab.ca/canada-wide-warrants-issued-for-calgary-man-connected-to-human-trafficking/
2022-12-01T17:57:48Z
FINTRAC’s financial intelligence was recognized by the Alberta Law Enforcement Response Teams in relation to a human trafficking investigation. As a result of the investigation, one individual is facing 10 criminal charges, including human trafficking offences, exploiting women for financial benefit from sexual services and assaulting and threatening one of the victims.
News release: FINTRAC publishes its 2021–22 Annual Report, Safe Canadians, Secure Economy
https://fintrac-canafe.canada.ca/new-neuf/nr/2022-12-01-eng
2022-12-01T14:00:00Z
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.
November 28, 2022 – FINTRAC Advisory: Financial transactions related to countries identified by the Financial Action Task Force (FATF)
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.
News release: Project Collector halts Cross-Canada money laundering
https://alert-ab.ca/project-collector-halts-cross-canada-money-laundering/
2022-11-23T17:53:00Z
FINTRAC’s financial intelligence was recognized by the Alberta Law Enforcement Response Teams in relation to Project Collector, a three-year investigation that resulted in the dismantling of a professional money laundering organization that was supporting some of Canada’s largest crime groups. In total, 71 criminal offences are being pursued against seven suspects, including participation in a criminal organization, laundering proceeds of crime and trafficking property obtained by crime. Charges were also laid under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and under the Income Tax Act. In addition, more than $16 million in bank accounts, real estate holdings, and vehicles have been placed under criminal restraint.
Updated resource documents to help you prepare for changes to the Large Cash Transaction Report (LCTR) form
https://fintrac-canafe.canada.ca/notices-avis/2022-11-17-eng
2022-11-17T14:00:00Z
FINTRAC publishes updated resource documents to help reporting entities prepare for changes to the Large Cash Transaction Report (LCTR) form.
FINTRAC revokes the registration of certain money services businesses
https://fintrac-canafe.canada.ca/public/registration-inscription-eng?=0
2022-11-10T14:00:00Z
FINTRAC publishes the list of the 37 registrations of money services businesses it revoked between April and September 2022.
Video 1 — Verifying the identity of a client: Government-issued photo ID method
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.
News release: Three arrested, 178 grams of cocaine seized after Saskatchewan RCMP Crime Reduction Team investigation into trafficking in Melfort area
https://www.rcmp-grc.gc.ca/en/news/2022/three-arrested-178-grams-cocaine-seized-saskatchewan-rcmp-crime-reduction-team
2022-10-31T13:33:49Z
FINTRAC’s financial intelligence was recognized by the Saskatchewan RCMP’s Prince Albert Crime Reduction Team in relation to an illicit drug trafficking investigation. As a result of the investigation, significant amounts of cocaine and methamphetamine were seized and 3 individuals have been charged.
News release: RCMP Federal Policing Integrated Money Laundering Investigative Team charge man in $2.1 million mortgage fraud scheme
https://www.rcmp-grc.gc.ca/en/news/2022/rcmp-federal-policing-integrated-money-laundering-investigative-team-charge-man-21-million
2022-10-25T13:40:43Z
FINTRAC’s financial intelligence was recognized by the RCMP’s Integrated Money Laundering Investigative Team in relation to a mortgage fraud investigation. A Calgary man defrauded millions from multiple financial institutions in the Calgary area between 2015 and 2020. As a result of the investigation, the individual has been charged with fraudulently purchasing property and money laundering.
News release: FINTRAC imposes an administrative monetary penalty on Cathay Pacific Realty Ltd.
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.
News release: FINTRAC imposes an administrative monetary penalty on LaBoutique Realty Ltd.
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.
News release: FINTRAC imposes an administrative monetary penalty on Pan Pacific Platinum Real Estate Services Inc.
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.
News release: Project Cobra Intercepts $55 Million Worth of Drugs
https://alert-ab.ca/project-cobra-intercepts-55-million-worth-of-drugs-2/
2022-09-28T18:31:13Z
FINTRAC’s financial intelligence was recognized by ALERT Calgary in relation to Project Cobra, a three-year organized crime investigation into transnational drug importation, drug trafficking, and money laundering, where $55 million worth of drugs was seized. As a result of the investigation, fifteen people and one business have been charged with 80 criminal offences ranging from participation in a criminal organization, to importation of a controlled substance, to laundering proceeds of crime, to drug trafficking.
News release: FINTRAC publishes indicators on the laundering of proceeds from illicit cannabis in support of Project Legion
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.
News release: RCMP restrains lakefront home in relation to proceeds of crime
https://www.rcmp-grc.gc.ca/en/news/2022/rcmp-restrains-lakefront-home-relation-proceeds-crime?re
2022-08-30T18:59:14Z
FINTRAC’s financial intelligence was recognized by the Nova Scotia RCMP in relation to Project Holdback, an 11-month drug trafficking investigation resulting in the restraint of property acquired through proceeds of crime following 14 arrests in 2020 and 2021. As a result of the investigation, on August 16, 2022, the RCMP, assisted by the PSPC Seized Property Management Directorate, restrained a lakefront home on Saskatoon Drive in Halifax and seized a pontoon boat.
News release: FINTRAC imposes an administrative monetary penalty on Cheetah Consulting Ltd.
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.
News release: Two arrested in Southeast Alberta fentanyl seizure
https://alert-ab.ca/two-arrested-in-southeast-alberta-fentanyl-seizure/
2022-07-21T18:34:38Z
FINTRAC’s financial intelligence was recognized by ALERT Medicine Hat’s organized crime team, in relation to an investigation in which two individuals have been charged. In total, ALERT seized what amounts to approximately $135,000 worth of drugs.
Crowdfunding platforms and certain payment service providers must register with FINTRAC
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
News release: FINTRAC imposes an administrative monetary penalty on Thanh Hung Truong (Bijouterie Kim Dung)
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.
News release: FINTRAC imposes an administrative monetary penalty on Nu Stream Realty Inc.
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.
July 8, 2022 – FINTRAC Advisory: Financial transactions related to countries identified by the Financial Action Task Force (FATF)
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.
News release: Project Carnet: three individuals charged in money laundering investigation
https://www.grc-rcmp.gc.ca/en/news/2022/project-carnet-three-individuals-charged-money-laundering-investigation
2022-07-07T17:16:15Z
FINTRAC’s financial intelligence was recognized by the Quebec RCMP in relation to Project Carnet, a money laundering investigation with suspected ties to Colombian criminal organizations. The investigation revealed that the individuals laundered more than $18 million in less than a year. As a result of the investigation, three individuals will face charges of laundering proceeds of crime, conspiracy to import and possession of narcotics for the purpose of trafficking, and possession of prohibited firearms and devices.
Resource documents to help reporting entities prepare for changes to the LCTR form
https://fintrac-canafe.canada.ca/notices-avis/2022-07-06-eng
2022-07-06T15:30:00Z
FINTRAC publishes a Notice to reporting entities on upcoming changes to the LCTR form
News release: RCMP unravel money laundering scheme leading to charges for five individuals
https://www.rcmp-grc.gc.ca/en/news/2022/rcmp-unravel-money-laundering-scheme-leading-charges-five-individuals
2022-07-05T14:34:15Z
FINTRAC’s financial intelligence was recognized by the Hamilton-Niagara RCMP in relation to Project Ocyber, an investigation into a sophisticated drug trafficking and money laundering scheme, where five individuals have been charged and a significant amount of illicit cannabis and currency seized. As a result of the investigation, the RCMP discovered that over $3 million CAD was laundered from the illegal sale of over 8,000 pounds of cannabis.
News release: Project Deception disrupts interprovincial drug network
https://alert-ab.ca/project-deception-disrupts-interprovincial-drug-network/
2022-06-23T17:45:59Z
FINTRAC’s financial intelligence was recognized by the Alberta Law Enforcement Response Team in Project Deception, an ongoing interprovincial joint forces investigation. As a result of the investigation, an interprovincial drug network was disrupted, a number of suspects have been identified, and over half a million dollars’ in drugs and cash have been seized.
News release: FINTRAC imposes an administrative monetary penalty on Sokhom Ung, operating as Bureau de change Saint-Michel
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.
Remarks from Sarah Paquet, Director and Chief Executive Officer, at the Canadian Institute 21st Annual Canadian Forum on Anti-Money Laundering and Financial Crime
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
News release: Yukon RCMP Crime Reduction Unit arrest: speaking notes from media availability on June 8, 2022
https://www.rcmp-grc.gc.ca/en/news/2022/yukon-rcmp-crime-reduction-unit-arrest-speaking-notes-media-availability-june-8-2022
2022-06-10T18:57:16Z
FINTRAC’s financial intelligence was recognized by the Yukon RCMP in relation to Project MONTEREY, a six month long drug trafficking investigation. As a result of the Project, eight individuals are facing a total of 29 charges related to drug trafficking, money laundering, proceeds of crime, and firearms offences. The group is also facing charges of participation in activities of a criminal organization.
News release: Significant drug seizure/70 criminal charges laid as result of investigation into sophisticated crime group distributing large quantities of drugs in SK and AB
https://www.rcmp-grc.gc.ca/en/news/2022/significant-drug-seizure70-criminal-charges-laid-result-investigation-sophisticated-crime
2022-06-07T15:58:01Z
FINTRAC’s financial intelligence was recognized by the Saskatchewan RCMP Federal Serious and Organized Crime Unit following an investigation of a sophisticated crime group that resulted in 70 charges and the seizure of significant amounts of illicit currency and drugs.
News release: Theodor Hennig sentenced in Provincial Court
https://www.asc.ca/en/News-and-Publications/News-Releases/2022/05/May-17-Theodor-Hennig-sentenced-in-Provincial-Court
2022-05-17T20:16:41Z
FINTRAC’s financial intelligence was recognized by the Alberta Securities Commission (ASC) and the Alberta RCMP Federal Policing Integrated Market Enforcement Team (IMET), in relation to a securities investigation. An Alberta man pled guilty and was sentenced at the Provincial Court of Alberta for failing to comply with an ASC decision, contrary to the Securities Act (Alberta).
News release: FINTRAC imposes an administrative monetary penalty on Montecristo Jewellers Inc.
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.
News release: RCMP uncovers complex fraud scheme leading to charges for Toronto family
https://www.rcmp-grc.gc.ca/en/news/2022/rcmp-uncovers-complex-fraud-scheme-leading-charges-toronto-family?re
2022-05-11T16:44:45Z
FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police, in an investigation in which a Toronto family has been charged with money laundering and fraud in relation to over $1 million in funds obtained fraudulently through the Canada Small Business Financing Program (CSBF). As a result of the investigation, a Toronto family has been charged with numerous offences under the Criminal Code including fraud over $5,000 and money laundering.
News release: RCMP investigation leads to counterfeit currency charges
https://www.rcmp-grc.gc.ca/en/news/2022/rcmp-investigation-leads-counterfeit-currency-charges?re=
2022-05-10T17:00:00Z
FINTRAC’s financial intelligence was recognized by the RCMP’s Greater Toronto Area Trans-National Serious & Organized Crime Section, in relation to a counterfeit coin investigation where approximately 10,000 counterfeit toonies have been identified and seized. As a result of the investigation, one individual has been charged with uttering counterfeit money, contrary to Section 452 of the Criminal Code and possession of counterfeit money, contrary to Section 450 of the Criminal Code.
News release: FINTRAC imposes an administrative monetary penalty on 9293-0809 Québec Inc.
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.
News release: FINTRAC releases key characteristics of illicit underground banking through unregistered money services businesses
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.
News release: FINTRAC imposes an administrative monetary penalty on Laurentian Bank of 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.
Crowdfunding platforms and certain payment service providers must register with FINTRAC and the definition of “EFT” has been amended
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.
News release: Project Exodus results in four Men charged with Human Trafficking; police seeking further victims and releasing photos
https://www.ottawapolice.ca/modules/news/index.aspx?newsId=56637e6a-350c-4f71-ad3e-278d47357288
2022-04-14T18:08:04Z
FINTRAC’s financial intelligence was recognized by the Ottawa Police Service Human Trafficking Unit in relation to Project Exodus, a human trafficking investigation. The investigation began in June 2021 and as a result, four men were charged with human trafficking and other related charges.
News release: Important seizures: drugs and firearms (In French only)
https://www.laval.ca/Pages/Fr/Nouvelles/microsite-police/importantes-perquisitions-drogues.aspx
2022-04-08T19:26:25Z
FINTRAC’s financial intelligence was recognized by the Laval Police Department in relation to Project Cohesion, a significant operation involving drug trafficking of illicit cannabis in the Laval and Montreal areas. In total, five individuals were arrested and a value of $388,527 worth of drugs were seized.
News release: Manitoba RCMP Project Divergent: Hells Angels, international police forces, and 22 charged
https://www.rcmp-grc.gc.ca/en/news/2022/manitoba-rcmp-project-divergent-hells-angels-international-police-forces-and-22-charged
2022-03-30T12:34:37Z
FINTRAC’s financial intelligence was recognized by the Manitoba RCMP in relation to Project Divergent, a significant Canada-wide operation involving the trafficking of illicit drugs and firearms. The investigators began to see large-volume transactions happening with cocaine; methamphetamine; opiates, specifically fentanyl; and assault-style firearms and ammunition. In total, 22 individuals were charged as part of Project Divergent and a connection with the Hells Angels was discovered.
March 28, 2022 – FINTRAC Advisory: Financial transactions related to countries identified by the Financial Action Task Force (FATF)
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.
Special Bulletin on Russia-linked money laundering related to sanctions evasion
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.
News release: FINTRAC imposes an administrative monetary penalty on Forest Hill Real Estate Inc.
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.
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/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.
News release: Russia-related sanctions and illicit finance FIU working group statement of intent
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.
News release: FINTRAC imposes an administrative monetary penalty on Taiwanese Canadian Toronto Credit Union Limited
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.
News release: RCMP NL Project Broken comes to successful conclusion with multiple sentences
https://www.rcmp-grc.gc.ca/en/news/2022/rcmp-nl-project-broken-comes-successful-conclusion-multiple-sentences
2022-03-11T15:00:51Z
FINTRAC’s financial intelligence was recognized by the RCMP NL Federal Serious and Organized Crime Unit in relation to Project Broken, an organized crime investigation with convictions rendered against five individuals, including for money laundering. The investigation led to the largest single seizure of illicit cash by police in the history of Newfoundland and Labrador, over $840,000, with other items seized including six kilograms of cocaine, firearms and vehicles. The total value of all items seized, including cash, is approximately $1.4 million.
News release: FINTRAC imposes an administrative monetary penalty on Sino Financial Ltd
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.
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
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
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
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
Withdrawal of temporary COVID-related support to reporting entities
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
News release: Operation Phoenix – Drugs & Guns Arrests: R21-23405
https://www.winnipeg.ca/police/press/2022/01jan/2022_01_13.stm
2022-01-13T20:36:48Z
FINTRAC’s financial intelligence was recognized by the Winnipeg Police Service Organized Crime Unit in relation to Operation Phoenix, an investigation into firearms trafficking where investigators also uncovered that large amounts of drugs were also being trafficked by the network. As a result of the investigation, twelve people were arrested at various locations, including Winnipeg, Edmonton, and the Greater Toronto Area (GTA). The drugs trafficked included: methamphetamine, fentanyl, cocaine, marihuana and contraband. The institutional value of the drugs and contraband seized at Stony Mountain Penitentiary is estimated at $700,000.
News release: FINTRAC imposes an administrative monetary penalty on Libro Credit Union Limited
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.
News release: Pleas and Sentencing in Fraudulent Investment Scheme
https://www.rcmp-grc.gc.ca/en/news/2022/pleas-and-sentencing-fraudulent-investment-scheme
2022-01-05T20:16:10Z
FINTRAC’s financial intelligence was recognized by the Toronto Integrated Market Enforcement Team of the Royal Canadian Mounted Police, in relation to a fraudulent investment scheme investigation, where two company directors were sentenced. The co-accused were the directors and controlling minds of InvestTech FX. They were charged with one count of fraud and one count of proceeds of crime contrary to sections 380(1)(a) and 354(1)(a) of the Criminal Code of Canada.
News release: FINTRAC imposes an administrative monetary penalty on Industrial and Commercial Bank of China (Canada)
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.
News release: Man charged by RCMP War Crimes section pleads guilty to Wilful promotion of hatred
https://www.rcmp-grc.gc.ca/en/news/2021/man-charged-rcmp-war-crimes-team-pleads-guilty-wilful-promotion-hatred
2021-12-17T16:35:40Z
FINTRAC’s financial intelligence was recognized by the RCMP’s War Crimes Section in relation to the criminal investigation Project Arrow, where one person was charged with Wilful promotion of hatred. As a result of the investigation, the accused entered a guilty plea to one count of Uttering Threats to Cause Death or Bodily Harm under Section 264.1(1)(a) as well as one count of Wilful Promotion of Hatred under Section 319(2) of the Criminal Code.
Update to reporting entities on expectations as of December 1, 2021
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.
News release: Ottawa convenience store owner sentenced for tax evasion
https://www.canada.ca/en/revenue-agency/news/newsroom/criminal-investigations-actions-charges-convictions/20211130-ottawa-convenience-store-owner-sentenced-for-tax-evasion.html
2021-12-01T14:37:34Z
FINTRAC’s financial intelligence was recognized by the Canada Revenue Agency in relation to a tax evasion investigation, where one individual was sentenced to an 18-month conditional sentence and a fine of $83,449. The individual failed to report $423,439 in business income on their individual income tax returns, thereby evading $83,499 in income tax. The individual plead guilty to one count of tax evasion under the Income Tax Act.
News release: Alberta RCMP Federal Policing obtain Canada-wide warrant for husband and wife believed to be operating million-dollar investment scam
https://www.rcmp-grc.gc.ca/en/news/2021/alberta-rcmp-federal-policing-obtain-canada-wide-warrant-husband-and-wife-believed-be
2021-11-29T14:11:22Z
FINTRAC’s financial intelligence was recognized by the Alberta RCMP Integrated Market Enforcement Team following its investigation of a scheme that allegedly defrauded victims of more than $1 million.
News release: Project Elk concludes with eight arrests, millions in drugs and assets seized
https://alert-ab.ca/project-elk-concludes-with-eight-arrests-millions-in-drugs-and-assets-seized/
2021-11-23T19:40:42Z
FINTRAC’s financial intelligence was recognized by ALERT Edmonton in Project Elk, a two-year cross-Canada drug trafficking investigation which resulted in the seizure of roughly $2 million in drugs, cash, and proceeds of crime. In this lengthy investigation, eight Edmonton suspects were arrested and charged in October 2021 with offences relating to drug and firearms, conspiracy to commit an indictable offence, and commission of an offence for a criminal organization.
News release: Charges laid after lengthy romance fraud investigation
https://ottawacitizen.com/news/local-news/opp-stops-50000-loss-in-romance-fraud-as-man-faces-charges-linked-to-22-victims
2021-11-16T17:22:31Z
The Ontario Provincial Police – East Region has recognized FINTRAC’s financial intelligence in a romance fraud investigation leading to the arrest of a suspect in Etobicoke.
News release: OPP and London Police Service Dismantle Criminal Organization, Seize $32 million in Illegal Cannabis
https://www.opp.ca/news/#/viewnews/618e9051090b0
2021-11-16T16:41:43Z
FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in an investigation into a criminal organization trafficking $32 million in illegal cannabis, where 21 people were charged with 118 offences.
News Release: RCMP Integrated Money Laundering Investigative Team charge Money Services Business owner
https://www.rcmp-grc.gc.ca/en/news/2021/rcmp-integrated-money-laundering-investigative-team-charge-money-services-business-owner
2021-11-12T19:08:18Z
The RCMP’s Integrated Money Laundering Investigative Team has charged a money services business owner for non-compliance with the PCMLTFA following a non-compliance disclosure by FINTRAC.
Speaking Notes for Sarah Paquet, Director and Chief Executive Officer, Financial Transactions and Reports Analysis Centre of Canada to the Association of Certified Fraud Examiners Canadian Conference
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
News release: FINTRAC imposes an administrative monetary penalty on Pacific Place – Arc Realty Ltd.
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.
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
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
The criteria defining who is ineligible to register an MSB or an FMSB has changed.
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.
Updated Indicators: Laundering of proceeds from 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.
News release: FINTRAC provides additional money laundering indicators associated with human trafficking for sexual exploitation in support of Project Protect
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.
New release: Police Dismantle Criminal Organizations Importing and Trafficking Cocaine and Other Illegal Drugs
https://www.opp.ca/news/#/viewnews/60f05ac1b3aa9
2021-07-15T19:16:50Z
FINTRAC’s financial intelligence was recognized by the Ontario Provincial Police in project SOUTHAM, a 15-month investigation conducted in collaboration with York Regional Police, the United States Drug Enforcement Administration, the Canada Border Services Agency, the Royal Canadian Mounted Police and the Canada Revenue Agency. This investigation led to the arrest of 22 individuals who had been importing high volumes of cocaine into Canada for the purpose of trafficking, as well as participating in other criminal activities. The drugs seized in this investigation have an estimated street-value of nearly $10 million.
News release: Alberta RCMP Federal Policing lay charges in multi-million-dollar fraud and secret commission scheme
https://www.rcmp-grc.gc.ca/en/news/2021/alberta-rcmp-federal-policing-lay-charges-multi-million-dollar-fraud-and-secret
2021-06-28T18:53:01Z
FINTRAC’s financial intelligence was recognized by the Alberta RCMP Integrated Market Enforcement Team (IMET) in the investigation of a multi-million-dollar fraud and secret commission scheme against a Calgary-based financial advisor.
News release: FINTRAC imposes an administrative monetary penalty on Les Immeubles Diamant Diamant Inc.
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.
News release: RCMP disrupts drug trafficking ring, seizes significant quantity of drugs and firearms
https://www.rcmp-grc.gc.ca/en/news/2021/rcmp-disrupts-drug-trafficking-ring-seizes-significant-quantity-drugs-and-firearms?re=
2021-06-16T17:58:59Z
FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police in Nova Scotia in a drug trafficking investigation where 14 people have been charged with approximately 100 offences. A significant quantity of drugs, firearms and money were also seized as part of this investigation.
Special Bulletin on Ideologically Motivated Violent Extremism: A Terrorist Activity Financing Profile
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.
News release: FINTRAC imposes an administrative monetary penalty on HomeLife Glenayre Realty Chilliwack Ltd.
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.
News release: FINTRAC signs a Memorandum of Understanding with the Organisme d'autoréglementation du courtage immobilier du Québec
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.
Regulatory amendments in force as of June 1, 2021
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.
FINTRAC has published guidance on reporting large virtual currency transactions.
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.
News release: FINTRAC signs a Memorandum of Understanding with the Society of Notaries Public of British Columbia
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.
News release: FINTRAC imposes an administrative monetary penalty on Magasin Château D'Ivoire Inc.
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.
Notice on the assessment of obligations coming into force on June 1, 2021
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.
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://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.
News release: "Project LYNX" Targets Organized Drug Trafficking Network – Leads to Record Setting Seizure for Drug Unit
https://www.haltonpolice.ca/Modules/News/index.aspx?feedid=76b83025-f7b4-48fe-b76e-0a45f8c4680e&newsId=21a00f19-33bd-4c6d-9686-c04929d5aa03#
2021-04-09T15:01:54Z
FINTRAC’s financial intelligence was recognized by the Halton Regional Police Service as part of Project LYNX, an investigation that targeted a highly organized and sophisticated network involved in drug trafficking and importing and money laundering. The estimated value of seized proceeds, drugs and currency is valued at 2.5 million dollars.
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/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.
News release: Alberta RCMP Federal Policing charge husband and wife in multi-million dollar Ponzi scheme
https://www.rcmp-grc.gc.ca/en/news/2021/alberta-rcmp-federal-policing-charge-husband-and-wife-multi-million-dollar-ponzi-scheme
2021-03-24T12:00:00Z
FINTRAC’s financial intelligence was recognized by the RCMP in Alberta in an investigation where a husband and wife have been charged in a multi-million dollar Ponzi scheme. This alleged Ponzi scheme resulted in the loss of millions of dollars for various investors.
FINTRAC has updated its record keeping, client ID, beneficial ownership, correspondent banking, and foreign branches, foreign subsidiaries and affiliates guidance.
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.
News release: FINTRAC imposes an administrative monetary penalty on Park Georgia Realty Ltd.
/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.
News release: FINTRAC imposes an administrative monetary penalty on RE/MAX All-Stars Realty Inc.
/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.
News release: FINTRAC imposes an administrative monetary penalty on C&Z Holdings Ltd.
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.
FINTRAC has updated its guidance on politically exposed persons and heads of international organizations, ongoing monitoring and business relationships
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
News release: RCMP and CBSA investigation leads to the arrest of six individuals and the dismantling of a large human trafficking network
https://www.rcmp-grc.gc.ca/en/news/2021/rcmp-and-cbsa-investigation-leads-the-arrest-six-individuals-and-the-dismantling-a-large
2021-02-10T13:46:00Z
FINTRAC’s financial intelligence was recognized by the Royal Canadian Mounted Police and the Canada Border Services Agency in an investigation where six individuals were arrested and a large human trafficking network was dismantled. This investigation resulted in eight search warrants where it was revealed that approximately 80 foreign nationals were residing in sub-standard conditions.
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/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.
FINTRAC has published updates to its Risk assessment guidance
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