FinTRAC
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Anti-money laundering watchdog gives failing grades to banks, real estate companiesAn internal report from Canada’s financial-crimes watchdog found most banking and real estate companies it audited are not following the country’s anti-money laundering laws.MoneyApr 11
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Cyber attacks are getting easier, experts warn after 3rd federal incidentExperts say cyber attacks are getting more numerous, more complex and easier - and that Canada's regulations don't go far enough to help companies stay safe.CanadaMar 5
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Cyber incident forces Canada’s FINTRAC to shut some systems downThe Financial Transactions and Reports Analysis Centre of Canada says the incident does not involve the centre’s intelligence or classified systems.CanadaMar 5
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Fintrac flags tactics used to skirt Russian sanctions, export controlsCanada's financial intelligence agency and European allies are highlighting attempts to export sensitive technology to Russia in violation of sanctions imposed against Moscow.CanadaFeb 20
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Money launderers using online gambling sites, Canada’s Fintrac warnsCanada's financial intelligence agency warns that illicit cash is being laundered through online gambling sites that provide a variety of ways to disguise shady funds.CanadaJan 18
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CIBC hit with $1.3M penalty after failing to report suspicious transactionsCanada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.MoneyDec 7, 2023
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RBC fined $7.5M after Fintrac says bank failed to report suspicious transactionsCanada's financial intelligence agency has levied a $7.5-million penalty against the Royal Bank of Canada, saying the institution failed to report suspicious transactions.CanadaDec 5, 2023
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Criminal use of cryptocurrency to keep growing, Canada’s Fintrac warnsThe agency, known as Fintrac, says the most prevalent form of money laundering involving virtual currencies is the movement of proceeds of fraud and ransomware attacks.CrimeDec 4, 2023
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7 people charged in Project Carlos drug trafficking investigationSeven people have now been charged in relation to a multi-million-dollar drug trafficking investigation that took place in Calgary, according to ALERT.CrimeAug 9, 2023
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Russians could evade Canada sanctions by laundering money, agency warnsCanada has sanctioned hundreds of Russian individuals and organizations over Moscow's 2022 invasion of Ukraine, prohibiting financial dealings linked to Canada.CanadaMay 18, 2023
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