Money Laundering Bulletin
Wealth One Bank of Canada fined Can$676,500 for risk, reporting, record-keeping breaches
Wealth One Bank of Canada has paid a Can$676,500 (US$491,470) administrative penalty after FINTRAC, the country's financial intelligence unit, identified substantive breaches of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and related Regulations.
Wealth One Bank of Canada has paid a Can$676,500 (US$491,470) administrative penalty after FINTRAC, the country's financial intelligence unit, identified substantive breaches of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and related Regulations.