Anti-Money Laundering & Anti-Terrorist Financing

Bruce McMeekin Law

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‚Äôs 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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