Blog

Bruce McMeekin Law

AML Compliance: Some Perspective About Manulife

I have been reading with interest the press reports criticizing FINTRAC for its decision in 2016 to publish, anonymously, the $1.15 million in administrative penalties levied against a Canadian bank…
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FINTRAC RE-THINKS ITS AMP CALCULATION POLICIES

Following the findings of the Federal Court of Appeal in Canada v. Kabul Farms in May, FINTRAC is undertaking an internal review of its AMP calculation policies. Section 73.11 of the…
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What’s Next For Administrative Monetary Penalties (“AMPs”)?

In July 2015, the Supreme Court released its decision Guindon v. Canada finding that AMPs were not offences attracting the protections contained in s.11 of the Charter. As a result, entities…
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Advocate Daily: Report highlights FINTRAC’s reach into Canadians’ lives

The latest FINTRAC annual report gives a glimpse into the extensive reach of the Financial Transactions and Reports Analysis Centre of Canada and the significant penalties that businesses can face for…
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AML & ATF Regulation: Federal Court Quashes FINTRAC AMP

In considering an appeal from the imposition of an administrative monetary penalty (“AMP”) by FINTRAC, the Federal Court recently made two findings that are likely to impact: (1) the scope…
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Anti-Money Laundering: The Federal Court Releases its First Decisions on Appeals From Administrative Monetary Penalties (AMPs)

FINTRAC started imposing AMPs in 2009, but it has taken until 2014 for the first appeals from the decisions of the FINTRAC Director reviewing AMPs to be heard and decided…
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Recent Administrative Penalties Published by FINTRAC

On July 28, FINTRAC, Canada’s anti-money laundering (AML) and anti-terrorism financing (ATF) regulator, published on its website the details of sizeable administrative monetary penalties (AMPs) it has recently levied against…
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Railway Safety: Ottawa Announces its Intention to Implement Administrative Monetary Penalties

A few months prior to the Lac-Mégantic tragedy, amendments to the Railway Safety Act came into force, empowering cabinet to implement Administrative Monetary Penalties (“AMPs”) as a Transport Canada enforcement tool….
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