As an alternative to prosecution, the Feds are taking a serious look at bringing in DPAs in situations wherein organizations have committed some financial crimes and corruption offences. They have…
Read more »

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…
Read more »

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…
Read more »

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…
Read more »

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…
Read more »

On July 4 FINTRAC released its proposed amendments to many of the regulations promulgated under the PC(ML)TFA. One of the proposed changes to the PC(ML)TFSTR would amend s.9(2) deleting “that constitutes…
Read more »

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…
Read more »

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…
Read more »