Public notice of administrative monetary penalties
Listed below are persons or entities that have been imposed an administrative monetary penalty which meets FINTRAC's criteria for publication. Notices will remain on FINTRAC’s public website for five (5) years.
| Date | Description |
|---|---|
| [ 2015-07-03 ] | Coin Co International PLC, also operating as Coinco International PLC, a money services business in Burgess Hill, West Sussex, United Kingdom, was imposed an administrative monetary penalty of $149,200 on July 21, 2014, for committing six violations. Nature of violation for Coin Co International PLC |
| [ 2015-05-13 ] | 9245-9205 Québec Inc., also operating as Bijouterie My Tan, a money services business in Montréal, Quebec, was imposed an administrative monetary penalty of $20,780 on May 7, 2015, for committing seven violations. Nature of violation for Québec Inc. |
| [ 2014-07-28 ] | Altaif Inc., a money services business in Ottawa, Ontario, was imposed an administrative monetary penalty of $42,600 on May 14, 2014, for committing five violations. Nature of violation for Altaif Inc. |
| [ 2014-07-28 ] | Bendix Foreign Exchange Corporation, also operating as Bendix Foreign Exchange, a money services business in Toronto, Ontario, was imposed an administrative monetary penalty of $194,300 on April 1, 2014, for committing three violations. Nature of violation for Bendix Foreign Exchange Corporation |
| [ 2014-02-21 ] | Questrade, Inc., a securities dealer in Toronto, Ontario, was imposed an administrative monetary penalty of $346,140 on October 19, 2011, for committing nine violations. Nature of violation for Questrade, Inc. |
| [ 2013-06-13 ] | MJS World Financial Services Inc., a money services business in Scarborough, Ontario, was imposed an administrative monetary penalty of $21,370 on June 13, 2013, for committing eight violations. Nature of violation for MJS World Financial Services Inc. |
| [ 2013-06-04 ] | Northern Securities Inc., operating as Northern Securities and NSI, a securities dealer in Toronto, Ontario, was imposed an administrative monetary penalty of $164,640 on June 4, 2013, for committing five violations. Nature of violation for Northern Securities Inc. |
| [ 2013-03-25 ] | Kinbok Enterprises Inc., also operating as Kinbok Enterprises Ltd., a money services business in Richmond, British Columbia, was imposed an administrative monetary penalty of $5,560 on March 25, 2013, for committing four violations. Nature of violation for Kinbok Enterprises Inc. |
| [ 2013-03-18 ] | 1671474 Ontario Ltd., operating as Hai Van Money Transfer Ltd. and Cong Ty Hai Van, a money services business in Woodbridge, Ontario, was imposed an administrative monetary penalty of $35,060 on March 18, 2013, for committing nine violations. Nature of violation for 1671474 Ontario Ltd. |
| [ 2013-03-12 ] | RE/MAX Active Realty Inc., a real estate broker in Mississauga, Ontario, was imposed an administrative monetary penalty of $6,770 on March 12, 2013, for committing four violations. Nature of violation for RE/MAX Active Realty Inc. |
| [ 2012-11-28 ] | Becksley Capital Inc., also operating as Capital Becksley Inc., a securities dealer in Toronto, Ontario, was imposed an administrative monetary penalty of $25,900 on November 28, 2012, for committing five violations. Nature of violation for Becksley Capital Inc. |
| [ 2012-12-14 ] | 1286323 Ontario Inc., also operating as Dubai Exchange & Travel Inc., Exchange Dubai and Dubai Exchange, a money services business in Toronto, Ontario, was issued a penalty of $9,710 on October 5, 2012 for committing six violations. Nature of violation for 1286323 Ontario Inc. |
| [ 2012-09-26 ] | RND Traders Inc., also operating as RND Traders, a money services business in Brampton, Ontario, was issued a penalty of $52,300 on August 14, 2012, for committing eight violations. Nature of violation for RND Traders Inc. |
| [ 2012-09-04 ] | Ideal Money Services Inc., also operating as Ideal Money Services Inc. and Ideal Services, a money services business in Richmond Hill, Ontario, was issued a penalty of $20,410 on July 13, 2012, for committing seven violations. Nature of violation for Ideal Money Services Inc. |
| [ 2012-08-21 ] | St. Stanislaus – St. Casimir's Polish Parishes Credit Union Limited, also operating as Polish Parishes Credit Union, and Polish Credit Union, a savings and credit union in Toronto, Ontario, was issued a penalty of $169,080 on 24 April 2012, for committing nine violations. Nature of violation for St. Stanislaus – St. Casimir's Polish Parishes Credit Union Limited |
| [ 2012-06-25 ] | Five Star I.M.P. Inc./ I.M.P. Cinq Étoiles Inc., also operating as: 5 Star I.M.P., Five Star I.M.P., I.P.M. Cinq Étoiles Inc. and La Photo Shop, a money services business in Montreal, Québec, was issued a penalty of $7,370 on May 1 2012, for committing six violations. Nature of violation for Five Star I.M.P. Inc./ I.M.P. Cinq Étoiles Inc. |
| [ 2012-03-22 ] | Sharons Credit Union, a savings and credit union in Vancouver, British Colombia, was issued a penalty of $40,520 on February 27, 2012, for committing eleven violations. Nature of violation for Sharons Credit Union |
| [ 2011-09-27 ] | Services Financiers C.M. Inc., a money services business in Montreal, Quebec, was issued a penalty of $9,500 on August 2, 2011, for committing four violations. Nature of violation for Services Financiers C.M. Inc. |
| [ 2011-09-27 ] | Jory Capital Inc., securities dealer in Winnipeg, Manitoba, was issued a penalty of $28,500 on June 2, 2011, for committing four violations. Nature of violation for Jory Capital Inc. |
| [ 2011-02-18 ] | Peoples Credit Union Limited, a savings and credit union in Innisfil, Ontario, was issued a penalty of $37,090 on February 2, 2011, for committing nine violations. Nature of violation for Peoples Credit Union Limited |
| [ 2010-11-24 ] | Yasin Mohammad, also operating as CANPAK EXCHANGE, GREETINGS & GIFTS LTD., engaged in a money services business in Toronto, Ontario, was issued a penalty of $23,270 on October 7, 2010, for committing nine violations. Nature of violation for Yasin Mohammad |
| [ 2010-11-19 ] | Reza Eshghi, operating as Express Money Exchange, engaged in a money services business in Thornhill, Ontario, was issued a penalty of $3,190 on September 14, 2010, for committing one violation. Nature of violation for Reza Eshghi |
| [ 2010-09-22 ] | Sutlej Foreign Exchange Inc., engaged in the business of a money services business in Mississauga, Ontario, was issued a penalty of $ 8,450 on July 26, 2010, for committing six violations. Nature of violation for Sutlej Foreign Exchange Inc. |
| [ 2010-09-22 ] | Nazar Singh Mangat, also operating as Manny Foreign Exchange Inc. and Manny Foreign X-Change, engaged in a money services business in Calgary, Alberta, was issued a penalty of $ 7,370 on July 23, 2010, for committing six violations. Nature of violation for Nazar Singh Mangat |
Administrative monetary penalties imposed
Listed below are the total numbers of administrative monetary penalties that FINTRAC has imposed from December 30, 2008 to date.
| Persons or entities subject to the PCMLTFA | Number of AMPs imposed to date | Total amount of AMPs imposed to date | Violation types |
|---|---|---|---|
| Casino | 1 | $56,700 | View violations type for Casinos |
| Credit unions / Caisses populaires | 15 | $676,795 | View violations type for Credit Union |
| Money Services Businesses | 33 | $768,610 | View violations type for Money Services Businesses |
| Real Estate | 7 | $71,230 | View violations type for Real Estate |
| Securities | 5 | $586,660 | View violations type for Securities |
| Total | 61 | $2,159,995 |
- Date Modified: