FINTRAC – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Mon, 29 Apr 2024 18:39:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png FINTRAC – Investment Executive https://www.investmentexecutive.com 32 32 Fraudsters faking identities, duping banks https://www.investmentexecutive.com/news/from-the-regulators/fraudsters-faking-identities-duping-banks/ Mon, 29 Apr 2024 18:39:06 +0000 https://www.investmentexecutive.com/?p=484936 Toronto police bust alleged synthetic identity ring

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]]> FinTRAC still coping with cyberbreach https://www.investmentexecutive.com/news/from-the-regulators/fintrac-still-coping-with-cyberbreach/ Fri, 22 Mar 2024 20:34:59 +0000 https://www.investmentexecutive.com/?p=482622 Agency says no evidence that information was lost in attack

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]]> FINTRAC faces cyber incident https://www.investmentexecutive.com/news/from-the-regulators/fintrac-faces-cyber-incident/ Mon, 04 Mar 2024 22:07:09 +0000 https://www.investmentexecutive.com/?p=481515 Anti-money laundering agency takes systems offline as a precaution

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]]> Serial fraudsman gets jail time https://www.investmentexecutive.com/news/from-the-regulators/serial-fraudsman-gets-jail-time/ Fri, 22 Dec 2023 15:53:13 +0000 https://www.investmentexecutive.com/?p=477818 Alberta man behind long-running scheme sentenced to four years

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]]> CIRO sanctions dealer’s supervisory lapses https://www.investmentexecutive.com/news/from-the-regulators/ciro-sanctions-dealers-supervisory-lapses/ Thu, 21 Dec 2023 22:11:28 +0000 https://www.investmentexecutive.com/?p=477800 Calgary's Leede Jones Gable fined $150,000 for oversight failings

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]]> FINTRAC bares more in disciplinary notices https://www.investmentexecutive.com/news/from-the-regulators/fintrac-bares-more-in-disciplinary-notices/ Fri, 15 Dec 2023 20:09:34 +0000 https://www.investmentexecutive.com/?p=477433 Agency has begun offering greater detail on its enforcement activity

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]]> Financial intelligence agency hands down $7.5M penalty to Royal Bank of Canada https://www.investmentexecutive.com/news/from-the-regulators/financial-intelligence-agency-hands-down-7-4m-penalty-to-royal-bank-of-canada/ Tue, 05 Dec 2023 18:55:18 +0000 https://www.investmentexecutive.com/?p=476632 The fine announced Tuesday is the largest ever imposed by FINTRAC

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]]> B.C. couple charged in Ponzi scheme https://www.investmentexecutive.com/news/from-the-regulators/b-c-couple-charged-in-ponzi-scheme/ Tue, 05 Sep 2023 16:56:39 +0000 https://www.investmentexecutive.com/?p=471027 Long-running venture took in millions from investors, police allege

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]]> Pandemic forced money launderers to diversify https://www.investmentexecutive.com/news/from-the-regulators/pandemic-forced-money-launderers-to-diversify/ Wed, 26 Jul 2023 13:41:03 +0000 https://www.investmentexecutive.com/?p=469240 Illicit activity moved out of casinos to securities firms and real estate, according to FINTRAC

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]]> Digital bank fined by FINTRAC https://www.investmentexecutive.com/news/from-the-regulators/digital-bank-fined-by-fintrac/ Mon, 06 Mar 2023 21:40:59 +0000 https://www.investmentexecutive.com/?p=461583 WealthOne paid $676,500 penalty amid compliance lapses

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