FINTRAC's Most Wanted
Protect your business from the next round of monetary penalties!
FINTRAC's Most Wanted is a series exploring the most common monetary penalties handed out by FINTRAC since the beginning of 2025. Each video breaks down a specific penalty, what it means for your compliance program, and how to make sure you're not next.
- 12 Failure to keep records of customer identity verification
- 11 Failure to report deposits of virtual currencies over $10,000 (LVCTR)
- 10 Failure to report electronic funds transfers at or above $10,000 (EFTR)
- 9 Failure to notify FINTRAC about a change in MSB registration status
- 8 Failure to comply with a ministerial directive
- 7 Failure to take prescribed special measures for high-risk clients
- 6 Failure to keep adequate records
- more coming soon...
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