Royal Bank of Canada

Enforcement Anti-money laundering English Monetary penalty

Date: 3rd Nov, 2023 Source: Financial Transactions and Reports Analysis Centre of Canada Country: Canada Original Source

Brief

Royal Bank of Canada (RBC) was imposed an administrative monetary penalty of $7,475,000 on NovemberÂ 3,Â 2023, for committing 3Â violations. The violations were found during the course of a compliance examination in 2022. This penalty was imposed for administrative violations committed by RBC under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and its associated

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Financial Transactions and Reports Analysis Centre of Canada

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Royal Bank of Canada

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Royal Bank of Canada

Brief

Financial Transactions and Reports Analysis Centre of Canada

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