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Bruce McMeekin Law

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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AdvocateDaily.com: Lawyers’ Duty of Commitment to Clients Key Aspect of SCC Ruling

The Supreme Court of Canada’s recent ruling that excludes lawyers from certain sections of federal anti-money laundering legislation is not surprising as it upheld previous lower court rulings, says Toronto…
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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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AML/ATF Compliance: Some Thoughts About Reporting Suspicious Transactions

The failure to file Suspicious Transaction Reports (STRs) within thirty days can be a major liability for organizations subjected to a FINTRAC audit, exposing violators to substantial penalties and the…
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