2147353 Ontario Inc.

Enforcement Anti-money laundering Sanctions & Fines

Date: 6th Feb, 2025 Source: Financial Transactions and Reports Analysis Centre of Canada Country: Canada Original Source

Brief

FINTRAC imposes an administrative monetary penalty on Cash Shop #27. The money services business in Mississauga, Ontario was fined $33,000 for committing 1 violation related to failing to provide requested compliance program documentation during a FINTRAC examination. The case is closed after the penalty was imposed on December 2, 2024. The violation is classified as Serious and the penalty reflects criteria under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations.

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Financial Transactions and Reports Analysis Centre of Canada

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2147353 Ontario Inc.

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Financial Transactions and Reports Analysis Centre of Canada

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2147353 Ontario Inc.

Brief

Financial Transactions and Reports Analysis Centre of Canada

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