BCLC says it's appealing the $1 million penalty to Federal Court
Police allege financial institutions defrauded in money laundering scheme
Compliance review uncovered weaknesses in firm's anti-money laundering processes
Compliance review found violations due to weaknesses in policies and procedures
Sanctions follow findings of 2023 review, which flagged four violations
Series of alleged violations included failing to report suspicious activity
Regulator uncovered compliance issues, including dealings with Iran
Compliance review uncovered weaknesses in firm's compliance procedures
Agency uncovered transaction reporting failures in compliance review
Bulletin alerts industry firms to risky activity involving legal profession